Indian benchmark indices that have been precariously poised over the last two weeks began downward journey with persistent selling by FII’s. The Nifty has closed below the 5,600 level and the Sensex below 18,600, both below their 200 DMA ,Nifty ended down by 2.3% or 129 points WoW basis.Investors who bought shares with the hope… Read More »
Nifty is defying that Gravity exists with each small dips is getting bought into(Well it goes with our analysis),but if you look at the internal of market Nifty is driven higher with few stocks namely HUL,ITC and RIL. Bharti Airtel and State Bank of India have broken down after results. So we have market rising… Read More »
Nifty Daily Charts Technically, last six day’s chart of Nifty is moving under channel pattern and breakout can be either side. Nifty breached the psychological mark of 6,100 decisively on the very last day of week and managed to sustain above that, currently facing stiff resistance at 6,210-6,230 if this level breached decisively then we… Read More »