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Wednesday, January 2, 2013
Yesterday, positive news with regards to the fiscal cliff deal resulted in an intraday rally in our markets. During the day, indices moved towards the 19613 / 5965 level which we have been...
Tuesday, January 1, 2013
Indices spent whole trading session oscillating less than half a percent range. This was mainly on the back of very low volumes. Since, there is no major change in the price structure; we reiterate...
Monday, December 31, 2012
The first and the last week of the year 2012 both ended on a cheerful note. Despite so many ups and downs, our benchmark indices eventually managed to wrap up the year with a massive gain of more...
Friday, December 28, 2012
After a slight gap up opening, indices immediately pared down their gains to trade flat for most of the trading session. As expected, immense volatility was seen during the last hour mainly on the...
Thursday, December 27, 2012
Indices opened higher in Wednesday’s session and eventually managed to cross the hourly ’20 EMA’. The markets nearly tested the 19491 / 5926 resistance level mentioned in our earlier report. We are...
Wednesday, December 26, 2012
The weak session on Friday was followed by a quiet trading session on Monday, in-line with muted global cues. Lack of participation prior to a long Christmas break resulted in significant fall in...
Monday, December 24, 2012
The price movement during the week was mainly driven by few domestic as well as global events. Our benchmark indices tested both the upper as well as the lower band of the trading range 19613 /...