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Friday, January 25, 2013
We had mentioned in our earlier report that a sharp bounce during the final hour on Wednesday can be considered as a pull back towards the ‘Upward Trend Line’ resistance on hourly chart. Very much...
Thursday, January 24, 2013
Yesterday’s price movement can be perfectly described as a ‘Seesaw’ between the bulls and bears. Indices inched marginally higher during the first half; but faced strong selling pressure near...
Wednesday, January 23, 2013
Yesterday, indices initially moved higher towards the ‘Upward Sloping Trend Line’ shown in the chart. As expected, this trend line acted as a strong resistance for the market. As a result, indices...
Tuesday, January 22, 2013
Yet another session ended with lackluster movement; but the intraday bias remained marginally positive. Since the last 2 trading sessions, indices are oscillating within the mentioned trading range...
Monday, January 21, 2013
Positive steps taken by the Government during the week led to a decent intraweek rally in our benchmark indices. Partial deregulation of diesel prices was seen as a landmark development on the...
Friday, January 18, 2013
Considering the corrective session on Wednesday, it was very surprising to have a positive closing yesterday. The rally was mainly led by the index major heavyweight Reliance Industries along with...