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Friday, October 19, 2012
Finally, bulls had something to cheer about as we witnessed a sharp intraday rally during yesterday’s session. We had mentioned that the ’20-day EMA’ is proving out to be a major hurdle for the...
Thursday, October 18, 2012
Looking at the daily chart, it is observed that several attempts by the bears to break the support zone of ’20-day EMA’ have failed. Considering that there is no significant change in the price...
Wednesday, October 17, 2012
Yesterday after an optimistic opening, indices made an attempt to cross the immediate resistance level of 18886 / 5729. Unfortunately for the bulls, strong selling pressure in the second half...
Tuesday, October 16, 2012
Once again, the daily ’20 EMA’ acted as a strong support and the benchmark Indices bounced from the day’s lows. At this juncture, there is no major change in the price structure and we continue to...
Monday, October 15, 2012
As mentioned in our earlier reports, our benchmark indices, the Sensex and the Nifty, are now undergoing a ‘Time-Wise correction’ or in simple words, going through a consolidation or corrective...