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Monday, February 18, 2013
There were few domestic events during the week which had mixed impact on our market. One of them was the quarterly result from banking heavyweight - State Bank of India. Negative results put the...
Friday, February 15, 2013
Despite, better than expected inflation numbers, indices could not sustain at higher levels. During the second half, banking heavyweight, SBI announced their Q3 numbers, which were below...
Thursday, February 14, 2013
Tuesday strong closing followed by an optimistic opening and indices carried this positive momentum throughout the first half. Nevertheless, as expected, indices faced tremendous resistance near 20...
Wednesday, February 13, 2013
Our benchmark indices ended the ten-session losing streak and closed in green during yesterday’s trading session. Inspite of the positive closing, the upmove should be termed as relief rally /...
Tuesday, February 12, 2013
The opening session of the week ended on a very quiet note. Nevertheless, the bias remained negative throughout the session. During the session, 19414 / 5883 level provided decent support for the...
Monday, February 11, 2013
In-line with our expectations, markets experienced strong negative momentum throughout the week. During the week, indices precisely met with the mentioned targets of 19596 – 19406 / 5940 – 5897....
Friday, February 8, 2013
Similar to Wednesday’s session, our benchmark indices faced tremendous resistance near hourly ’20-EMA. Strong selling pressure led indices to sneak marginally below mentioned support level of 19596...