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Monday, October 29, 2012
The boredom continues in the market as prices are reluctant to move out of the narrow trading range. It’s been nearly 10 – 12 trading sessions that we have been experiencing a range-bound activity....
Friday, October 26, 2012
The derivative contract for the October series proved to be a phase of consolidation for the markets. The October series showed just a 1 % gain in comparison to the 6% up move in September. Overall...
Thursday, October 25, 2012
On Tuesday’s session, markets ended in the negative territory and extremely narrow and range bound movement was witnessed. The markets are still stuck in trading band and we continue to await the...
Tuesday, October 23, 2012
Despite yesterdays gap down opening our benchmark indices bounced sharply from days lows. The hourly chart now depicts a narrow Channel formation. The trading range is 18886 to 18535 / 5729 to 5633...
Monday, October 22, 2012
Broadly speaking, at this juncture the markets are in a narrow trading range of 18886 to 18535 / 5729 to 5633. Only a sustainable breakout / breakdown on either side would give clarity of the near...