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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 /...
Friday, December 21, 2012
Looking at the price action of previous two trading sessions, it can be construe that our markets are struggling for direction at this juncture. Yesterday’s price pattern on the daily chart...
Looking at the price action of previous two trading sessions, it can be construed that our markets are struggling for direction at this juncture. Yesterday’s price pattern on the daily chart...
Thursday, December 20, 2012
Tuesday’s strong recovery was followed by a quiet session yesterday. Although a very narrow trading range was seen for the session, the bias still remains positive. There is no significant change...
Wednesday, December 19, 2012
Yesterday’s trading session was significantly influenced by the interest rate sensitive counters. A nosedive in the first half and a sharp recovery in the second half has led to a reversal of the...