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Friday, January 11, 2013
Despite the strong corrective move during the second half on Wednesday, indices managed to open with a decent upside gap in yesterday’s session. At present, indices have closed below the hourly ...
Thursday, January 10, 2013
We have observed that indices are facing tremendous resistance near the ‘Upward Sloping Trend Line’ mentioned in our earlier reports. This is also supported by the ‘Negative Divergence’ in daily ...
Wednesday, January 9, 2013
Yesterday, momentum shifted in the favor of bulls during the second half as we witnessed a sudden spurt in the market. Going forward, considering the placement of the momentum oscillators and the...
Tuesday, January 8, 2013
The week started on a positive note but indices faced tremendous resistance near the mentioned ‘Upward Sloping Trend Line’ (drawn by joining the highs of October 5, 2012 and December 11, 2012)....
Monday, January 7, 2013
Quite similar to last year, this year too, the first week resulted in positive gains as the Nifty witnessed a weekly closing above the 6000 mark for the first time after December 31, 2010. The...