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Monday, February 25, 2013
Despite a decent up move in the first half, eventually the week turned out in the favor of the bears. Indices faced tremendous selling pressure near the resistance of the 20-day EMA placed around...
Friday, February 22, 2013
Considering weak global cues, our benchmark indices opened with more than half a percent downside gap and continued to fall lower throughout the day. In the process, indices sneaked marginally...
Thursday, February 21, 2013
Yesterday, indices opened marginally higher and precisely tested the mentioned resistance level of 19723 / 5970. However, it was observed that indices were struggling to cross this level and...
Wednesday, February 20, 2013
Similar to Mondays session yesterday too, indices remained range bound and traded with very lackluster movement throughout the first half of the session. However, a strong rally in the last hour of...
Tuesday, February 19, 2013
During yesterdays session, indices witnessed lackluster and range bound activity. As there is no major change seen in the chart structure. Hence, we reiterate our view that any sustainable move...
Monday, February 18, 2013
There were few domestic events during the week which had mixed impact on our market. One of them was the quarterly result from banking heavyweight - State Bank of India. Negative results put the...
Friday, February 15, 2013
Despite, better than expected inflation numbers, indices could not sustain at higher levels. During the second half, banking heavyweight, SBI announced their Q3 numbers, which were below...