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Thursday, March 21, 2013
Yesterday, indices slipped and closed below the psychological level of 19000 / 5700. Indices are now trading marginally above the recent low of 18760 / 5663. Considering the extremely strong...
Wednesday, March 20, 2013
Yesterday, during the opening trade indices tested the mentioned resistance zone of 19396 / 5861 and immediately drifted lower to test Mondays low of 19232 / 5814. High volatility was seen just...
Tuesday, March 19, 2013
After a gap down opening, indices oscillated within merely half a percent trading range. Looking at the hourly chart, it is seen that indices have a strong resistance of 20-EMA and 89-EMA placed...
Monday, March 18, 2013
The first half of the concluded week was undoubtedly dominated by the bears. However, the second half turned out to be directionless as we witnessed very sharp movements on both sides. Indices have...
Friday, March 15, 2013
Considering yesterdays strong closing we are of the opinion that indices are likely to test their immediate swing high of 19755 / 5971 if they sustain above 19605 / 5920. The daily RSI oscillator...
Thursday, March 14, 2013
For the third consecutive session, indices have struggled to move upwards and eventually closed almost at the lowest point of the day. Yesterdays corrective move has pulled indices near crucial...
Wednesday, March 13, 2013
Initially indices moved marginally higher; but strong selling pressure near days high pulled indices lower to break Mondays low of 19603 / 5930. This resulted in confirmation of bearish implication...