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21st Jul 2016 Posted in: Blog 0

Blog meant for 22 July 2016 Friday Dear friends, A negative close for the markets today as Nifty closed 56 points lower. Markets fell mainly because of the concern that banks did not perform well in the previous quarter and that the Non-performing Assets (NPAs) could be higher. Banks usually classify certain loans as NPAs [...]

20th Jul 2016 Posted in: Blog 0

Blog meant for 21 July 2016 Thursday Dear friends, Positive day for markets to close at 11 month high. Nifty rose by 37 points. European markets cues were very positive. However, US markets are currently trading almost flat. Gold prices have fallen from recent highs to around Rs.30,700 per 10 gm. Nifty is in Hold [...]

19th Jul 2016 Posted in: Blog 0

Blog meant for 20 July 2016 Wednesday Dear friends, A volatile day for our markets today. Finally, at the end, Nifty closed 20 points higher. The global cues are similarly quiet and mixed. Nifty is in the Hold zone. As per 30 days moving average, the following are the indications: Hold – Titan, M&M, L&T, [...]

18th Jul 2016 Posted in: Blog 0

Blog meant for 19 July 2016 Tuesday Dear friends, Profit booking pushed markets slightly lower today. Nifty closed 33 points down, just above the 8500 mark. The global cues tonight are once again pretty flat with no major momentum on either direction. The Monsoon session of Parliament started today. The Government is trying to pass [...]