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Monday, September 16, 2013
The bulls made a grand come back last week and continued their stand during this week also. As expected, the up move in Nifty got extended towards the 78.6% (5890) Fibonacci retracement level of...
Friday, September 13, 2013
Finally, the five day winning streak of the bulls came to an end as the market showed some signs of exhaustion. We had mentioned about the Hanging Man Japanese candlestick pattern in our previous...
Thursday, September 12, 2013
Tuesdays strong closing was followed by a slightly negative opening in our market. The bears made couple of valiant attempts to re-enter the market but the bulls managed to hold the fort during...
Wednesday, September 11, 2013
The bulls made a grand comeback last week and the added on to their momentum during yesterdays session. In our previous report, we had mentioned that the extended bounce towards 5890 is quite...
Tuesday, September 10, 2013
Finally, the bulls had something to cheer as the index experienced a sustainable bounce on four out five trading sessions. Despite sharp correction on Tuesday, the bulls managed to hold their...
Friday, September 6, 2013
Yesterday, markets soared as the participants reacted to the measures announced by new RBI Governor Raghuram Rajan, to bolster the economy. This has resulted in a breakout from the Downward Sloping...
Thursday, September 5, 2013
As expected and mentioned in yesterdays report, the Nifty found a decent support around 5295 level, which is the upper trend line level of the Channel pattern formed in an hourly chart. This level...
Wednesday, September 4, 2013
This was the third session in last 15 trading sessions where the Nifty posted a mammoth intraday fall of nearly four percent on closing basis. At this juncture, the Nifty is hovering around the...
Tuesday, September 3, 2013
Yesterday, we had mentioned of a breakout from the hourly Downward Sloping Channel and the positive crossover in weekly Stochastic momentum oscillator. In-line with our expectations, Nifty traded...