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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...
Tuesday, July 30, 2013
Fridays negative closing was followed by yet another weak session as indices lost another percent during the day. We have been mentioning a support level of 89-EMA placed at 5881. This level has...
Monday, July 29, 2013
Our benchmark indices have broken their winning streak in the fifth week. On Wednesday, we witnessed a breakdown from the Rising Wedge pattern below 20065 / 6004. A move below last weeks low of...
Friday, July 26, 2013
Wednesdays weak closing was followed by a slight gap down opening in yesterdays session. In our previous report, we had mentioned that indices have broken down from the Rising Wedge pattern. Also,...
Thursday, July 25, 2013
Yesterday, Indices opened with a downside gap and maintained their pessimism throughout the session. In the process, indices have now sneaked below Monday’s low of 20065 / 6004, which has resulted...
Wednesday, July 24, 2013
During yesterdays session, we witnessed a gap up opening in our market. As a result, indices met precisely with our mentioned target of 20021 / 6088 (Sensex had already achieved that level; but...