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Monday, July 22, 2013
The market has ended in the positive territory for the fourth consecutive week, although the movement was slightly range bound as compared to the previous week. In-line with our expectation...
Friday, July 19, 2013
Yesterday, during the first half, our benchmark indices slipped into a consolidation mode. Considering the hourly chart, it is clearly seen that indices found a decent support near ’20 EMA’ placed...
Thursday, July 18, 2013
Yesterdays price action can be perfectly described as a Tug-of-War between the bulls and the bears. Indices recovered smartly after posting a low of 19778 / 5927. Going forward, we continue to...
Wednesday, July 17, 2013
On Monday, post market hours, the Reserve Bank of India (RBI) announced measures to curb Rupee depreciation by tightening liquidity in the banking system. As a result, our benchmark indices opened...
Tuesday, July 16, 2013
Yesterday, indices maintained their positive momentum after crossing Fridays high of 19992 / 6019 and closed almost at the highest point of the day. Considering yesterdays price action and the...
Monday, July 15, 2013
For the first half of the week, our benchmark indices traded within the range of 19640 – 19147 / 5904 – 5760 as mentioned in our previous report. The breakout above 19640 / 5904 has now confirmed a...