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Tuesday, November 27, 2012
Despite, strong rally in US and European markets on Friday, our benchmark indices failed to carry forward the positive sentiments and traded in a narrow range throughout the session. In the last...
Monday, November 26, 2012
In-line with our expectations, our benchmark indices found decent support near the convergence point of two channel patterns (as shown in exhibit 1). Further, we had mentioned a ‘Homing Pigeon’...
Friday, November 23, 2012
In-line with the expectation, our benchmark indices headed towards the next resistance level of 18570/ 5650 after crossing 18479 / 5620 level. Yesterdays high of 18568 / 5644 precisely co-incides...
In-line with the expectation, our benchmark indices headed towards the next resistance level of 18570/ 5650 after crossing 18479 / 5620 level. Yesterdays high of 18568 / 5644 precisely coincides...
Thursday, November 22, 2012
After couple of consecutive choppy sessions, finally indices have managed to move in a single direction for most of the trading session. Leaving aside the initial hour, rest of the session was...
Wednesday, November 21, 2012
After a gap up opening, our indices tested the mentioned ’20-EMA’, on the hourly chart, which is placed at 18411 / 5600 level. However, selling pressure at higher levels once again dragged the...
Tuesday, November 20, 2012
At this juncture, we are observing a ‘Narrow Range’ body formation near the strong support zone created by two channels. This pattern qualifies as a “Homing Pigeon” Pattern on the charts of the...