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Friday, December 7, 2012
After correcting sharply during the initial hour, we witnessed unexpected buying in our market post mid-session. BSP President Mayawatis statement that she would back the government on the FDI-in...
Thursday, December 6, 2012
Yesterday, we witnessed yet another session with lackluster activity and a narrow trading range. Further, initial gap opening above the high of ‘Spinning Top’ candle has negated the pattern....
Wednesday, December 5, 2012
Yesterdays session was a replica of previous trading session. Indices opened flat and remained in a tight range for the whole trading session. Thus, the Spinning TopJapanese candlestick pattern...
Tuesday, December 4, 2012
Friday’s strong closing was followed by a quiet session in our market. It was quiet evident to have such a sideways movement in prices after a sharp rally of nearly 4.50% in three consecutive...
Monday, December 3, 2012
After a long consolidation of seven weeks, the bulls have finally started to cut loose. We had mentioned a strong support level of Channel pattern around 18255 / 5548. This level was defended...
Friday, November 30, 2012
For the second consecutive session we have witnessed a gap up opening in-line with the global cues. As a result, indices opened above Tuesday’s high of 18863 / 5733 level and then precisely met...
Thursday, November 29, 2012
Finally, the bulls had something to cheer about as indices rallied sharply on Tuesday and closed well above 5720 mark. At this juncture the indices are hovering around the 78.6% Fibonacci...