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Thursday, August 8, 2013
Tuesdays massive intraday correction was followed by a subdued opening. However, the bears made an early attempt to resume its downtrend during the initial hour. As a result, the Nifty slipped...
Wednesday, August 7, 2013
Yesterdays massive intraday fall was on account of the Rupee depreciation seen in the currency markets as the Rupee traded at an all time low against the dollar. With regards to Equities, we have...
Tuesday, August 6, 2013
In our previous report, we had mentioned that the Nifty is hovering near the strong support zone of the 78.6% Fibonacci retracement level of the recent up. Yesterday, it was the fourth consecutive...
Monday, August 5, 2013
Last weeks negative closing was followed by yet another pessimistic week as our benchmark indices witnessed tremendous selling pressure. The first sign of caution was the confirmation of a Lower...
Friday, August 2, 2013
Yesterdays price action can be perfectly described as the Roller Coaster Ride as the Nifty moved nearly a percent on both sides. In our previous report, we had mentioned about the formation of a...
Thursday, August 1, 2013
Yesterday, the Nifty sneaked below Tuesdays low of 5747 and met with our target of 5679, which is the 78.6% Fibonacci retracement level of the rise from 5566 (low on June 24, 2013) to 6094 (high on...
Wednesday, July 31, 2013
Yesterday, the fifth consecutive session has ended in favor of the bears. As expected, the Nifty has now closed well below the psychological level of 5800 and also below the 61.8% Fibonacci...