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Research
Market Outlook
Morning Note 08-09-10
Taking into account the overall price and indicator setup, the index could pause around its upper channel line for one or two trading sessions.
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Sep 8 2010 8:36AM
Morning Note 07-09-10
The daily stochastics is continuing in buy mode while the daily MaCD triggered buy. The index confirmed its rise by moving above 5,514 with buying interest. The key resistance levels for the Nifty are now at 5,610 and 5,636 while the corresponding supports for the index are at 5,525 and 5,549.
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Sep 7 2010 9:25AM
Morning Note 06-09-10
The daily stochastics is in buy mode while the daily MaCD continues in sell mode. Due to the conflicting setup of indicators, we expected the market to move into a sideways zone for a couple of trading sessions.
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Sep 6 2010 8:27AM
Morning Note 03-09-10
The Nifty reacted after testing the resistance band of 5,500 to 5,527, before closing with a marginal gain.The key resistance levels for the Nifty are now placed at 5,500 and 5,527 while the corresponding supports for the index are at 5,444 and 5,427.
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Sep 3 2010 8:43AM
Morning Note 02-09-10
The Nifty confirmed the previously mentioned hammer pattern by registering a strong close. Market breadth turned positive for the day.The key resistance levels for the Nifty are now placed at 5,500 and 5,527 while the corresponding supports for the index are at 5,437 and 5,404.
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Sep 2 2010 8:41AM
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