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Monday, May 6, 2013
For the third consecutive week, our benchmark indices have closed in the positive territory. During the week, indices managed to sneak beyond the 78.60% Fibonacci retracement level of 19762 / 5976....
Friday, May 3, 2013
Yesterday, our benchmark indices traded with strong positive bias throughout the session. In the process, Nifty has managed to close convincingly above the stiff resistance of 5976. The coming...
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...