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Monday, October 21, 2013
The bulls ended the week on a cheerful note and as a result, the index (Nifty) has now closed just a tad below the psychological mark of 6200. We are witnessing a convincing weekly closing above...
Friday, October 18, 2013
Yesterday, the Nifty remained under pressure throughout the session. With reference to our previous reports, the strong resistance level of 6143 is still intact on a closing basis. Hence, we...
Thursday, October 17, 2013
On Tuesday, despite a strong opening, the market pared down all early gains to close with minor losses. Strong results from Reliance and the probable end of the US shutdown has not impacted the...
Tuesday, October 15, 2013
It seems that the market is discounting each and every negative development as the market shrugged off the lower IIP numbers and also ignored higher September month WPI inflation numbers. The...
Monday, October 14, 2013
During the week, the bulls clearly dominated the market and marched on to conquer the 6000 mark. In our previous report, we had clearly mentioned that traders should await a sustainable move either...
Friday, October 11, 2013
The index has finally managed to hold its early morning trend. However, yesterdays session was lackluster and range bound. The Nifty has now approached the 78.6% Fibonacci retracement level (6048)...
Thursday, October 10, 2013
Yesterday, it was the fourth consecutive session where market showed dual sentiments as the opening tick was in favor of the bears and later a strong recovery by the bulls lead to significant gains...
Wednesday, October 9, 2013
The index has made a hat-trick of being directionless and was extremely choppy for the third consecutive session. As a result, we are now observing a cluster of Narrow Range Body formations on the...
Tuesday, October 8, 2013
The market participants witnessed a roller-coaster during yesterdays session as the first half ruled by the bears and the remaining one was dominated by the bulls. In our previous we had mentioned...
Monday, October 7, 2013
Except Mondays session, all the remaining sessions ended in the favor of the bulls. After testing 5700, the index bounced back sharply from the lows and moved beyond the resistance level of 5877...