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Monday, June 17, 2013
During the week, the bulls managed to garner some strength in last session after a dismal show for the first four days. On Friday, we witnessed a gap up opening which has led to the formation of a...
Fridays strong up move was followed by a quiet opening in our market. The correction post the RBI policy announcement and then the follow up buying seen in yesterdays session, is a sign of strength...
Friday, June 14, 2013
Yesterday, our market opened with a downside gap and remained under pressure during the first half. In the process, indices posted a low of 18765 / 5683 and immediately managed to bounce off the...
Thursday, June 13, 2013
For the third consecutive session, our benchmark indices posted a closing in the negative territory. During the session, indices breached the 61.8% Fibonacci retracement level of 19022 / 5764 and...
Wednesday, June 12, 2013
Yesterday, indices opened on a pessimistic note and immediately during the initial hour, breached the crucial support of 50% Fibonacci retracement level placed at 19294 / 5853. As expected, this...
Tuesday, June 11, 2013
Despite a strong overnight closing in the US markets, our benchmark indices corrected lower right from the opening tick. For most part of the session, indices remained under pressure mainly on the...