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Nifty Outlook for 17 February 2012 The Nifty opened marginally lower and traded in a narrow range throughout the day. It ended lower 10 points or 0.18% at 5,521.95. On daily charts, it traded within previous session’s high/low range, suggesting consolidation after the prior session’s up move. The bias would remain positive until it holds [...]
Nifty Outlook for 07 February 2012 The Nifty opened with a gap up on the back of positive global cues. However, it pared half of the early gains to end the day 35.80 points, or 0.67%, higher at 5,361.65. On hourly charts, it ended in bearish engulfing candlestick formation. The implication of the said pattern [...]
Nifty Outlook for 27 January 2012 The Nifty opened flat with a positive bias following positive cues from other Asian markets. It ended the day 31 points, or 0.60%, higher at 5,158.30.On daily charts, it ended in a candlestick pattern that resembles like a spinning top, which suggest indecision at the current level and buyers [...]
Nifty Outlook for 25 January 2012 The Nifty opened relatively flat with a positive bias. It gained momentum and the Nifty posted a high of 5,141 after the CRR cut by the RBI. It ended the day 81 points, or 1.61%, higher at 5,127.35. During the next trading session, the index is likely to face [...]
Nifty Outlook for 23 January 2012 Last week, Nifty opened on a quiet note and traded with positive bias for most part of the week. On week on week basis, the index rose 3.75%. The Nifty witnessed a strong intra-week rally and moved towards the expected level of 5,000 levels. On daily charts, it ended [...]
Nifty Outlook for 16 January 2012 Last week, Nifty opened on flat note and traded with positive bias for most part of the week. On week on week basis the index rose 2.50%. With last week gains, the Nifty, after three weeks of consolidation, gave a breakout on the upside by closing above its 11 [...]
Nifty Outlook for 02 January 2012 The Nifty began the week on a positive note to test an intraweek high 4,800 and failed to sustain above the same. On Tuesday, it faced strong resistance at the 50% retracement level of 5,094 and 4,531. We stated in the previous weekly report that intra-week, the Nifty was [...]
Nifty Outlook for 04 November 2011 The Nifty opened lower on the back of mixed global cues and tested an intraday low of 5,201 in the first half of the trading session. However, the Nifty bounced back from day’s lows to close in the positive terrain as sentiment in global markets turned bullish on expectations [...]
