Market Snapshot: 22nd April 2019

Market Snapshot: 22nd April 2019

Monday saw continuation of sell-off that started previous Thursday. It was simply one way market throughout the day that saw the index to erode a massive 1.35% or 158 points to settle at 11594. Overall, an intermediate top-out pattern emerged and chances are high that...

Market Snapshot: 12th April 2019

The indices made a smart recovery today to close the week on a joyful note. On a closing basis, Nifty rose 0.40% or 47 points to close at 11643. This came in the back of weak to flat opening in the region of 11600 However, the possibility of continued choppiness is...
Market Snapshot: 9th April 2019

Market Snapshot: 9th April 2019

Bull markets are known to honor support more consistently than the resistances and that is precisely what we witnessed today. After a topsy turvy movement where Nifty just kept loitering around everywhere in the early part of the day, it saw demand to emerge towards...
Market Snapshot: 4th April 2019

Market Snapshot: 4th April 2019

The broader market continued in its southward journey today and a rate cut to the extent of 25 bps by RBI failed to lift sentiment for long enough. While one reason could be that the said interest rate cut was widely expected by the participants and hence were largely...