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Monday, March 4, 2013
For the sixth consecutive week, our benchmark indices have closed in the negative territory. As mentioned in our January 25, 2013 weekly report, the bearish impact of the ‘Hanging Man’ (at market...
Friday, March 1, 2013
The Budget day turned out to be a nightmare for the bulls. In line with our expectations markets corrected significantly post breaching the low of 5748. The hourly chart continues to remain in a...
Thursday, February 28, 2013
Despite positive opening indices were struggling at higher level during the initial hour of the trade. However, post midsession, we witnessed a bounce which led indices to close in the positive...
Wednesday, February 27, 2013
Indices opened lower and gained significant momentum as the day progressed. Index heavyweights such as Reliance Industries, ICICI Bank and Axis Bank led the sharp correction during yesterdays...
Tuesday, February 26, 2013
The day started on a quiet note but selective mid and small cap counters really got hammered during the session. This influenced the slight shift in traders sentiments as indices drifted lower...
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...