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Tuesday, August 20, 2013
The bears are in no mood to show any mercy. The Nifty has shed more than 6% in merely two trading sessions and that’s a significant degree of price erosion in a very short span of time. In our...
Monday, August 19, 2013
In-line with our expectation, we first witnessed a bounce towards 5720 – 5762 during the first half of the week. This weeks high of 5755 precisely coincides with the 20 Day EMA. This technical tool...
Friday, August 16, 2013
Despite disappointing inflation numbers the index has managed to hold its previous days optimism. This was mainly on the back of the positive crossover in daily RSI-Smoothened oscillator. We are...
Wednesday, August 14, 2013
We have been mentioning that the momentum oscillators on daily chart are placed well inside the extreme oversold territory and hence, the possibility of near term bounce is quite high. In-line with...
Tuesday, August 13, 2013
As expected, the opening session of the week began on a positive note. We are witnessing strong pullback rallies in selective counters of the index, which kept Nifty well inside the positive...
Monday, August 12, 2013
We have witnessed massive erosion of more than ten percent from the recent swing high of 6094 in merely three weeks. In our previous report, we had mentioned that indices are oscillating within the...