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Market Summary, 15th Jul 2019

Nifty opened higher today, sold off during the trading session, followed by recovering some of the losses: that’s today’s price action in a nutshell. Finally the index closed at 11,588 adding nearly 36 points to the kitty. How does it look in a longer term...

Market Summary, 11th Jul 2019

Market Summary, 11th Jul 2019 A higher open was sold off followed by demand returning again: that’s how the broader market panned out on the penultimate day of the week. Today’s price action does not send any continuation of reversal signal on its own but it has other...

Market Summary: 24th May 2019

Market is taking support at 11600 regions. After yesterday’s election outcome and subsequent spike in volatility, Nifty was relatively calm today. Although there was a sharp rise early morning & a failure to hold on the gain, the broader market did not violate...

Market Summary: 14th May 2019

After 9 consecutive sessions of decline, market finally was able to close in green on Tuesday, thanks to some late hour buying. But the day did not go by without extreme volatility. Nifty’s final close was at 11222, up 0.66% or 73 points. Except for IT, all other...

Market Summary: 2nd May 2019

After an extended weekend, Market opened today with softness and remained range-bound for most of the day.We witnessed a volatile session, at the end of which Nifty closed 23 points lower at 11724. In the morning Nifty briefly violated 11700 and at another point of...

Market Summary: 25th April 2019

It was the day of April series expiry today and we witnessed an extremely volatile session. But in the morning, things were looking pretty good as Nifty opened flat and then put up a healthy gain towards noon and an intraday high just shy of 11800 was registered but...

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

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, dated 5th April 2019

Friday saw the index to reverse previous two days decline and posting a nice gain of 68 points or 0.59% to see-off the week on a high note. With this, the odds of continuation of primary uptrend also got a big fillip. Metal stocks hogged the limelight today with Tata...

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...

Market Snapshot

Market Snapshot, 3 rd April 2019 It was an eventful day for the street. Nifty made a marginally higher life high early in the morning, but there was not much fan-following.Due to an extremely narrow market breadth,most portfolios are deep under water and investors are...

weekly Report on 15.03.2019

Nifty (CMP: 11301) Last few sessions witnessed continuous buying as Nifty broke off from its 6 month’s consolidation, thanks to the pre-election rally. Both primary & intermediate trends are now bullish & we should therefore now approach the market as one to...

Weekly Report on 18.02.2019

Nifty (CMP: 10604) Last few sessions witnessed continuous sell off as Nifty broke its 200 day average quite convincingly & also the floor of 10650 (on closing basis). We should now approach the market as one to sell on rises, resistances exist at 10690, 10770...

Weekly Report on 04.02.2019

Nifty (CMP: 10934) Last week witnessed bulls’ return as Nifty is about to take out its September high. A closing for Nifty above 11020 will reinstate strength. We should now approach the market as one to buy on declines, supports exist at 10840, 10770 & 10690. The...

Weekly Report on 21.01.2019

Nifty (CMP: 10961) Last week witnessed bulls’ return as Nifty is about to take out its December high. This confirms short term strength & we should now approach the market as one to buy on declines, supports exist at 10840, 10770 & 10690. The outlook for...

Weekly Report on 14.01.2019

Nifty (CMP: 10737) Last week continued to witness extreme volatility where Nifty kept on moving on both sides of 200 DMA & ended the week on a feeble note. This confirms short term trendlessness & we should now approach the market as one to buy on new...

Weekly Report on 07.01.2019

Nifty (CMP: 10727) Previous week saw continuation of increased volatility in Nifty where it continued with the sequence of closing above & below 200 day moving averages alternately. Market breadth, in the meanwhile has improved and it signifies some sort of...

Weekly Report on 31.12.2018

Nifty (CMP: 10859) Previous few sessions, especially the post assembly election in three major states, saw a phase of increased volatility in Nifty where it repeatedly closed above & below 200 day moving average. Market breadth has however returned to positive...

Weekly Report on 24.12.2018

Nifty (CMP: 10754) Last week continued to witness extreme volatility where Nifty convincingly breached the 20 day Moving Average mark at 1061 zones & ended the week almost at the lowest point. This confirms a short term weakness & we should now approach the...

Weekly Report on 17.12.2018

Nifty (CMP: 10908) Previous few sessions, especially the post election period, saw a phase of increased volatility in Nifty where it successfully closed above 200 day moving average with good conviction. Market breadth has returned to positive and that puts the odd in...

Weekly Report on 10.12.2018

Nifty (CMP: 10693) Last week saw a phase of increased volatility in Nifty where it violated the 200 day moving average with good conviction. Market breadth was weak & it puts the odd in favor of continuation of the bearish trend. The outlook for next week remains...

Weekly Report on 03.12.2018

Nifty (CMP: 10876) Last week saw a phase of increased volatility in Nifty where it closed above 200 day moving average with good conviction. Market breadth has returned it puts the odd in favor of continuation of the bullish trend. The outlook for next week remains...

Weekly Report on 08.10.2018

Nifty (CMP: 10316) Last week continued to witness extreme volatility where Nifty convincingly breached the 200 day Moving Average mark at 10775 zones & ended the week almost at the lowest point. This confirms the official bear market & we should now approach...

Weekly Report on 01.10.2018

Nifty (CMP: 10930) Last week continued to witness extreme volatility where Nifty convincingly breached 11000 marks on Friday, but salvaged some of its lost ground towards closing and managed to close above 10900! An important observation lies in the fact that the...