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Tuesday, October 1, 2013
Fridays weak closing was followed by a gap down opening considering weak global cues. The index then immediately slipped below the important weekly low of 5798. This price action triggered immense...
Monday, September 30, 2013
The No Taper rally fizzled out hastily after the announcement of RBI monetary policy on September 20, 2013. A weak closing on that day was followed by a pessimistic opening on Monday as the bears...
Friday, September 27, 2013
Yesterday, despite a derivative expiry session, we witnessed a range bound and lackluster movement throughout the day. As a result, there is no major change in the chart structure. Hence, we...
Thursday, September 26, 2013
Yesterday, we witnessed a rollercoaster ride in our market as the Nifty slumped substantially during the first half and recovered sharply towards the fag end of the session. The early morning down...
Wednesday, September 25, 2013
In our earlier report, we had mentioned about an Upward Sloping Channel formed in the hourly chart. During yesterdays session, the lower range of this pattern (5850) acted as a strong support as...
Tuesday, September 24, 2013
A weak closing on Friday followed by a gap down opening yesterday morning as the bears impose their might on the market. Selling pressure aggravated as the day progressed and as a result, the index...
Monday, September 23, 2013
Finally, the action-packed week came to an end as the global event turned in the favor of bulls but some of the domestic measures kept the market under pressure. We have been mentioning a weekly...
Friday, September 20, 2013
It was purely a No Taper effect seen on Dalal Street as the bulls took a giant leap and closed decisively in the green. In our previous report, we had mentioned a probable Bullish Flag pattern. The...
Thursday, September 19, 2013
Keeping aside the last hour, we witnessed a lack luster movement just ahead of two key events lined up this week. We have been mentioning a broad trading range of 5957 - 5800 in our last few...
Wednesday, September 18, 2013
As expected, we witnessed a range bound and lackluster movement during yesterdays session. It seems that the market participants are turning cautious and want to avoid undue risk before two key...
Tuesday, September 17, 2013
The market opened with a gap but failed to sustain at higher...
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...