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Wednesday, January 23, 2013
Yesterday, indices initially moved higher towards the ‘Upward Sloping Trend Line’ shown in the chart. As expected, this trend line acted as a strong resistance for the market. As a result, indices...
Tuesday, January 22, 2013
Yet another session ended with lackluster movement; but the intraday bias remained marginally positive. Since the last 2 trading sessions, indices are oscillating within the mentioned trading range...
Monday, January 21, 2013
Positive steps taken by the Government during the week led to a decent intraweek rally in our benchmark indices. Partial deregulation of diesel prices was seen as a landmark development on the...
Friday, January 18, 2013
Considering the corrective session on Wednesday, it was very surprising to have a positive closing yesterday. The rally was mainly led by the index major heavyweight Reliance Industries along with...
Thursday, January 17, 2013
As expected and mentioned in our earlier reports, Indices faced strong resistance near theUpward Sloping Trend Line Please refer exhibit 1. This was supported by the Negative Divergence in daily...
As expected and mentioned in out earlier reports, Indices faced strong resistance near the Upward Sloping Trend Line Please refer exhibit 1. This was supported by the Negative Divergence in daily...
Wednesday, January 16, 2013
The strong closing on Monday was followed by a marginal gap up opening yesterday. Further, we observed immense buying interest during the second half of the session. In the process, indices have...