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Wednesday, February 6, 2013
As expected, yesterday we witnessed a gap down opening on the back of negative cues from US and European bourses. In the process, indices missed our initial target of 19596 / 5940 by a whisker. For...
Tuesday, February 5, 2013
In our weekly report, we have mentioned the possibilities of corrective down move in the near term. In-line with our expectation, first day of the week ended lower despite having positive opening....
Monday, February 4, 2013
Despite a favorable outcome from the RBI’s Monetary Policy, indices struggled to sustain at higher levels. Strong selling pressure near the week’s high ultimately dragged indices lower to close...
Friday, February 1, 2013
Yesterday, indices traded in a narrow range but with a clear negative bias. The daily chart now indicates a ‘Trend Line’ breakdown near 19970 / 6042 level. This trend line is formed by joining the...
Thursday, January 31, 2013
Surprisingly, just a day before the derivative expiry, we witnessed a very narrow trading session. Since there is no major change in the chart structure, we reiterate that Tuesday’s high of 20204 /...
Wednesday, January 30, 2013
Despite positive outcome from the ‘RBI Monetary Policy’, indices struggled to sustain at higher levels. Strong selling pressure during the second half ultimately dragged indices to close almost at...