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Nifty Outlook for 30 December 2011 The Nifty traded with negative bias throughout the day and ended the day 60 points, or 1.27%, lower at 4,646.25. On daily charts, it ended below the previous session’s low. During the next trading session, if the index fails to hold above 4,630, it may test previous lower levels. [...]
Nifty Outlook for 29 December 2011 The Nifty traded with negative bias throughout the day and ended the day 45 points, or 0.94%, lower at 4,705.80. On daily charts, it ended below the previous session’s low. However, it is likely that it may find support near the 4,660 (50% retracement levels of the current rally) [...]
Nifty Outlook for 28 December 2011 The Nifty opened marginally negative amid mixed Asian Markets. Although it attempted to cross the previous day’s high in the first half of the trade, it faced resistance at the 50% retracement levels of the previous rally. It tested an intraday low of 4,723 and managed to hold above [...]
Nifty Outlook for 26 December 2011 The Nifty began the week on a negative note and tested an intraweek low of 4,531. The index, though, staged a smart recovery and rallied almost 230 points. We stated in the previous weekly report, intraweek 4,580 and 4,530 is the support zone. The Nifty touched a high of [...]
Nifty Outlook for 23 December 2011 The Nifty opened in red, in line with weak global indices and touched a low of 4,632 during the day. However, buying resurfaced at lower levels, which led the index to end the day higher by 41 points, or 0.87%, at 4,733.85. On daily charts, for the second consecutive [...]
Nifty Outlook for 22 December 2011 The Nifty opened higher and traded with positive bias throughout the day. It ended the day 149 points, or 3.3 %, higher at 4,693. Intraday the Nifty faced resistance at 4,700, the level which was acting as support previously. During the next trading session, It could found support at [...]
Nifty Outlook for 21 December 2011 The Nifty opened higher but it failed to sustain at higher levels as selling was witnessed from the start of the day. It ended the day the day 69 points, or 1.49 %, lower at 4,544. On daily charts it ended in a bearish candlestick formation, suggesting negative bias [...]
Nifty Outlook for 20 December 2011 The Nifty opened below the Friday’s low in a shaven top (open and high was same for the day) candlestick formation, indicating weakness from the start of the day. Selling pressure intensified and it tested its lowest low in two years at 4,555.90 in early trades. The index managed [...]
Nifty Outlook for 19 December 2011 We stated last week, that if the Nifty trades above 5,020 then it can retest previous high’s and if it slips below 4,820 then there is a strong possibility of the index falling to 4,700 and 4,620. On last Monday the Nifty posted intraweek high of 4,910. Eventually, it [...]
Nifty Outlook for 16 December 2011 The Nifty ended the day lower at 4,746. On daily charts, it formed a bullish reversal candlestick pattern post a steep fall, signaling that Thursday’s candle low will hold at least for a while. Pull-back is likely to continue in the near-term if it trades above 4,770, for a [...]
