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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 15 February 2012 After opening in the negative terrain, the Nifty traded with a positive bias in a narrow range of 30 points throughout the day. It ended the day higher at 5,416, led by rate sensitive shares after India’s inflation for January 2012 fell to a 2-year low of 6.55%. On [...]
Nifty Outlook for 01 February 2012 The Nifty opened higher and traded with positive bias throughout the day. On Tuesday, It bounced back after the previous day sell off and recovered most of the losses. It ended 112 points, or 2.20%, higher at 5,199.25. The Nifty posted gained 12% in Jan 2012, led by highest monthly [...]
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 12 January 2012 The Nifty tested an intraday high of 4,877 and traded in a narrow range during the day. As stated in the previous report, the Nifty tested the 61.8% retracement level. On daily charts, the Nifty faced resistance at its 50-day SMA. It ended in a doji candlestick formation near [...]
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 16 November 2011 The Nifty opened at 5,121 and traded in a narrow range in the first part of the trading session. As mentioned in the previous report, the Nifty tested the 50% retracement level in the last hour of the trade. On daily charts, the Nifty ended near its 50-day SMA. [...]
Nifty Outlook for 21 October 2011 The Nifty opened lower on back of the negative global clues. It traded with negative bias throughout the day. However, it recouped 60 points from the day’s low and ended 47 points, or 0.92 %, lower at 5,091.90. On daily charts the Nifty ended in a small body candlestick [...]
