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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...
Thursday, February 7, 2013
Indices opened higher and precisely tested hourly ’20-EMA’, which acted as a strong resistance for the entire trading session. Eventually traders pared down all their opening gains. Going forward,...
Wednesday, February 6, 2013
As expected, yesterday we witnessed a gap down opening on the back of negative cues from US and European bourses. In the process, indices missed our initial target of 19596 / 5940 by a whisker. For...
Tuesday, February 5, 2013
In our weekly report, we have mentioned the possibilities of corrective down move in the near term. In-line with our expectation, first day of the week ended lower despite having positive opening....
Monday, February 4, 2013
Despite a favorable outcome from the RBI’s Monetary Policy, indices struggled to sustain at higher levels. Strong selling pressure near the week’s high ultimately dragged indices lower to close...