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Friday, December 14, 2012
We had a quiet opening in our market and indices then made a feeble attempt to cross the resistance of hourly ’20 EMA’ during the initial couple of hours. Subsequently, selling pressure near this...
Thursday, December 13, 2012
Yesterday’s session was a nightmare for the day traders as we witnessed a very choppy session. Just before the midsession, indices recouped their early losses on the back of better-than-expected...
Wednesday, December 12, 2012
Yesterday, our benchmark indices surged nearly 1% in the initial hour of the trade but failed to carry the positive momentum throughout the session, to eventually close in the red. The Indices have...
Tuesday, December 11, 2012
The opening session of the week ended on a flat note, showing lack of participation / interest by market participants. As a result, one more narrow range body formation is seen on the daily chart....
Monday, December 10, 2012
The previous week’s sharp rally was followed by consolidation in this week. However, Nifty precisely met with our target, of the ‘Channel Pattern’, at the 19500 / 5950 level mentioned in our...
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....