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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...