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Tuesday, March 26, 2013
Yesterday, we witnessed a gap up opening by nearly a percent in-line with other positive Asian bourses. Indices then slipped into a consolidation mode and lingered around the hourly 20 EMA placed...
Monday, March 25, 2013
During the week, the uncertainty on the domestic front has dampened market sentiments. This resulted in weekly closing below the psychological level of 5700 in Nifty after nearly four months. This...
Friday, March 22, 2013
Yesterdays session can easily be described as a see-saw between the bulls and the bears. During the initial hour, indices slipped from the opening levels but a sharp bounce from the lows led to a...
Thursday, March 21, 2013
Yesterday, indices slipped and closed below the psychological level of 19000 / 5700. Indices are now trading marginally above the recent low of 18760 / 5663. Considering the extremely strong...
Wednesday, March 20, 2013
Yesterday, during the opening trade indices tested the mentioned resistance zone of 19396 / 5861 and immediately drifted lower to test Mondays low of 19232 / 5814. High volatility was seen just...
Tuesday, March 19, 2013
After a gap down opening, indices oscillated within merely half a percent trading range. Looking at the hourly chart, it is seen that indices have a strong resistance of 20-EMA and 89-EMA placed...
Monday, March 18, 2013
The first half of the concluded week was undoubtedly dominated by the bears. However, the second half turned out to be directionless as we witnessed very sharp movements on both sides. Indices have...