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Friday, April 5, 2013
Wednesdays weak closing was followed by a gap down opening in our benchmark indices. During the first half the bulls made a valiant effort to move upwards but failed to do so as indices plunged...
Thursday, April 4, 2013
Despite, overnight positive cues from European and US indices, our benchmark indices opened in the red. During yesterdays session, we observed that indices were struggling to cross the stiff...
Wednesday, April 3, 2013
Yesterday post midsession, we witnessed immense buying interest among market participants. As a result, indices traversed the stiff resistance of hourly 89 EMA and gradually moved higher. We are...
Tuesday, April 2, 2013
Indices opened quietly and immediately during the initial hour of the session moved higher to test hourly 89 EMA level. However, this moving average proved to be a significant resistance for the...
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...