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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...
Tuesday, March 12, 2013
Indices opened on a flat note and thereafter we witnessed lackluster activity throughout the session. The indices precisely tested the mentioned resistance level of 19742 / 5971 levels during the...
Monday, March 11, 2013
Indices have now finally broken the losing streak after six consecutive red candles. The market movement over the last two weeks can be described as a tug of war between the bulls and the bears....
Friday, March 8, 2013
Yesterday, Indices opened flat and then soared sharply during the latter part of the session. In this process, indices managed to traverse the stiff resistance zone 20-day EMA as well as 89-day EMA...