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Tuesday, June 24, 2014
Mondays late recovery was followed by a cheerful beginning of yesterdays session. Initially, we felt that the index would face a resistance around the hourly ’89 EMA’ level of 7520. But...
Monday, June 23, 2014
The nominal losses on a weekly basis doesn’t portray the actual price action happened during the week. Honestly speaking, the market movement on Tuesday and Wednesday might have certainly whipsawed...
Yesterday, our benchmark index (Nifty) opened quietly and attempted to move higher during the initial trades. But, as expected, the hourly 89 EMA acted as a major hurdle for the bulls. In fact,...
Thursday, June 19, 2014
It was a third consecutive session where we witnessed complete reversal from the early morning trend. As mentioned in our previous report, the Upward Sloping Trend Line provided a strong support...
Wednesday, June 18, 2014
Yesterdays session was completely a nightmare as our market completely whipsawed most of the traders after seeing a sharp reversal on Tuesday from the 7500 mark. Index traded quietly and maintained...
Tuesday, June 17, 2014
Yesterdays opening and initial movement was very much in-line with our expectation. The Nifty consolidated within a narrow range until the last hour of the day. But, what we witnessed during the...
Monday, June 16, 2014
In-line with our expectation, our markets started the day on a pessimistic note and sneaked below the 7500 mark. However, the fall got arrested after posting a low 7487.55 immediately post the...
Saturday, June 14, 2014
The concluded week saw largely range bound trading, following a mammoth rally in the week prior to it. In the concluded week, the two sessions before Wednesday registered new highs on the Nifty. In...
Thursday, June 12, 2014
Yesterdays session was slightly lull as the index recovered from early mornings lows and then traded within a narrow range throughout the session. It seems that the 7600 mark is now gaining more...
Wednesday, June 11, 2014
Our market made a positive start of the day and continued its optimism to test the 7700 mark for the first time ever. However, some of the skeptical traders chose to take some money off the table...
Tuesday, June 10, 2014
Our market opened marginally higher; but immediately pared down all gains in just five minutes of the session. This was followed by a sharp correction, which pulled the Nifty nearly a percent lower...
Monday, June 9, 2014
Our benchmark index posted positive gains in five out of last six sessions. The Nifty added another 70 points to the previous close and as a result, managed to close above the 7600 mark for the...