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Thursday, May 2, 2013
On Tuesday, our benchmark indices opened higher; but the optimism was very short lived as indices came off the days high and slipped inside the negative territory. The daily chart candlestick...
Tuesday, April 30, 2013
For the second consecutive session, our benchmark indices oscillated within the price range of Thursdays session. Since, there is no major change in the price structure, we reiterate our view that...
Monday, April 29, 2013
The benchmark Indices have moved well during the week and have now tested the 61.80% Fibonacci retracement level (19416 / 5870) of the fall from 20204 / 6112 to 18144 / 5477. On the weekly chart,...
Friday, April 26, 2013
As expected, yesterday we witnessed tremendous volatility on account of April month derivative expiry. The price action can easily be described as Tug-of-war between the bulls and the bears. In our...
Thursday, April 25, 2013
In our previous report, we had mentioned that indices are hovering around 19416 / 5870, which is the 61.80% Fibonacci retracement level of the fall from 20204 / 6112 to 18144 / 5477. Hence,...
Tuesday, April 23, 2013
Yesterday, as expected, indices continued to progress higher after breaking Thursdays high of 19061 / 5794 and moved beyond our immediate target of 19200 / 5815. Indices are now gradually moving...