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Thursday, March 7, 2013
For the second consecutive session, we witnessed a gap up opening in our market and in-line with our expectations, struggled around the mentioned resistance zone of 89-day EMA and 20-day EMA. Both...
Wednesday, March 6, 2013
Yesterday indices opened higher above Mondays high of 18931 / 5712. As a result, existing short sellers or intraday buyers rushed in to the market. We now have a confirmation of the Bullish Hammer...
Tuesday, March 5, 2013
After a flat opening, indices immediately slipped during the initial hour of the trade. However, post midsession indices recovered partially and closed with marginal loss. The daily chart now...
Monday, March 4, 2013
For the sixth consecutive week, our benchmark indices have closed in the negative territory. As mentioned in our January 25, 2013 weekly report, the bearish impact of the ‘Hanging Man’ (at market...
Friday, March 1, 2013
The Budget day turned out to be a nightmare for the bulls. In line with our expectations markets corrected significantly post breaching the low of 5748. The hourly chart continues to remain in a...
Thursday, February 28, 2013
Despite positive opening indices were struggling at higher level during the initial hour of the trade. However, post midsession, we witnessed a bounce which led indices to close in the positive...
Wednesday, February 27, 2013
Indices opened lower and gained significant momentum as the day progressed. Index heavyweights such as Reliance Industries, ICICI Bank and Axis Bank led the sharp correction during yesterdays...