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Thursday, October 10, 2013
Yesterday, it was the fourth consecutive session where market showed dual sentiments as the opening tick was in favor of the bears and later a strong recovery by the bulls lead to significant gains...
Wednesday, October 9, 2013
The index has made a hat-trick of being directionless and was extremely choppy for the third consecutive session. As a result, we are now observing a cluster of Narrow Range Body formations on the...
Tuesday, October 8, 2013
The market participants witnessed a roller-coaster during yesterdays session as the first half ruled by the bears and the remaining one was dominated by the bulls. In our previous we had mentioned...
Monday, October 7, 2013
Except Mondays session, all the remaining sessions ended in the favor of the bulls. After testing 5700, the index bounced back sharply from the lows and moved beyond the resistance level of 5877...
Friday, October 4, 2013
Yesterdays strong rally was mainly influenced by the significant appreciation seen in Indian Rupee (INR). A move beyond 5877 on the Nifty spot was unexpected and hence, many traders including us...
Thursday, October 3, 2013
The overall price action seen during Tuesdays session can be termed as a Tug of war as the bulls managed to pull the index from early morning lows and eventually, posted a close on optimistic note....
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...