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Monday, April 1, 2013
This week, we witnessed a very narrow trading range for the benchmark indices. As mentioned in our earlier report, the Downward Sloping Trend Line and 200-day SMA provided decent support to our...
Thursday, March 28, 2013
Indices opened lower and precisely tested the mentioned Downward Sloping Trend Line for yet another session. As expected, indices found decent support near this trend line and bounced back from the...
Tuesday, March 26, 2013
Yesterday, we witnessed a gap up opening by nearly a percent in-line with other positive Asian bourses. Indices then slipped into a consolidation mode and lingered around the hourly 20 EMA placed...
Monday, March 25, 2013
During the week, the uncertainty on the domestic front has dampened market sentiments. This resulted in weekly closing below the psychological level of 5700 in Nifty after nearly four months. This...
Friday, March 22, 2013
Yesterdays session can easily be described as a see-saw between the bulls and the bears. During the initial hour, indices slipped from the opening levels but a sharp bounce from the lows led to a...
Thursday, March 21, 2013
Yesterday, indices slipped and closed below the psychological level of 19000 / 5700. Indices are now trading marginally above the recent low of 18760 / 5663. Considering the extremely strong...
Wednesday, March 20, 2013
Yesterday, during the opening trade indices tested the mentioned resistance zone of 19396 / 5861 and immediately drifted lower to test Mondays low of 19232 / 5814. High volatility was seen just...