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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 27 January 2011 On Tuesday, the Nifty opened above 5,750 and within few hours of trade tested 5,800. Yet, as the RBI announced its credit policy by mid of the day, the Nifty turned negative to end the day with a loss of 56 points, or 0.97%, at 5,687.40. The Nifty ended [...]
Nifty Outlook for 24 January 2011 After a choppy session, the Nifty on the last trading day of the week ended with a loss of 15 points, or 0.26%, at 5,696.50. The small body candle formation on the daily charts indicates indecision among traders. Lower value traded and a narrow trading range further confirms this [...]
Nifty Outlook for 03 November 2010 Amidst rate hike announcement by RBI and anticipation of major decision by the Federal Reserve, on Tuesday the Nifty traded sideways and finally settled down with a marginal gain at 6,119. During intraday trade, the Nifty traded sideways within a narrow range with lower value traded indicating indecision among [...]
