Our Blog

Share On:

Dalal Street the mecca of investors and trader was filled with full enthusiasm as the Calendar year 2016 tick off with high optimism that this CY (Calendar Year) would be better than the preceding year. However, in the stock market things don’t turnout as we consider or assume.

Read More
Share On:

The index has strong resistance on the high side around levels of 8280 and next major resistance at levels of 8350. On the downside 8150 is a key support for the index and major support for the index is placed at 8050 levels. If this support is breached, expect a sell-off in the market and the market is likely to move up to levels of 7900 in the short term.

Read More
Share On:

On the weekly chart the index has breached its important trend line support joined from the lows formed at a level of 5118.85 and it has also seen the breakdown of triangle pattern. However, as per the candlestick analysis the weekly candlestick has formed a “Hammer” candlestick pattern. This candlestick pattern is considered to be a reversal candlestick pattern and this is candlestick pattern appears at the end of the down trend.

Read More
Share On:

Crucial resistance for the index is around 8670 and if index manages to close above this level it could trigger a rally up to levels of 8850.

Read More
Share On:

Markets likely to open positive and may consolidate at higher levels.

Read More
Share On:

Markets are likely to open muted.

Read More
Share On:

Markets to open in green as suggested by strong global cues

Read More
Share On:

Market is likely to open flat with positive bias

Read More