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Nifty Outlook for 16 February 2012 After opening higher, the Nifty continued to head higher, amid firm global cues. The Nifty regained the 5,500 mark for the first time since August 2011. On daily charts, after the seven days narrow range movement, it broke away the consolidation zone and closed in a bullish candlestick formation. [...]
Nifty Outlook for 06 February 2012 The Nifty ended higher for the fifth straight week. It ended the last day of the week 56 points, or 1.06%, higher at 5,325.85. On weekly charts, it ended in a bullish candlestick pattern above the downward sloping trend line. Any corrections during the week can be buying opportunity. [...]
Nifty Outlook for 30 January 2012 The Nifty ended higher for the fourth straight week. It ended the day 46.40 points, or 0.90%, higher at 5,204.70. On daily charts, after the sharp up move it ended in a candlestick formation resembling Hanging man, indicating likely short-term reversal in the near-term. Also, Daily RSI is hovering [...]
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 [...]
