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Tuesday, June 25, 2013
The week started off on a pessimistic note considering negativity across the globe. As a result, indices plunged and closed below the important 78.6% Fibonacci retracement level of 18636 / 5638. At...
Monday, June 24, 2013
This was the fifth consecutive week that ruled in favor of the bears. The negative developments on the global as well as domestic front have significantly dampened trader sentiments. Looking at the...
Friday, June 21, 2013
Yesterday, indices opened more than a percent downside gap considering extreme pessimism seen across the globe. Weakness in rupee added to the woes and as a result, indices closed almost at the...
Thursday, June 20, 2013
Yesterday, although indices gradually managed to inch higher during the second half, the overall price activity was within a narrow range. Since, there is no major change in the price structure we...
Yesterday, although indices gradually managed to inch higher during the second half, the overall price activity was within a narrow range. Since, there is no major change in the price structure; we...
Wednesday, June 19, 2013
Yesterday, we observed sudden selling pressure during the latter part of the session, which led indices to close almost at the lowest point of the day. Also an important observation is that...
Monday, June 17, 2013
During the week, the bulls managed to garner some strength in last session after a dismal show for the first four days. On Friday, we witnessed a gap up opening which has led to the formation of a...