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Thursday, August 16, 2012
The sharp up move in the last session was seen after the announcement of July month inflation numbers. Going forward, as mentioned in our weekly report, only a weekly closing above 17727 / 5386...
Tuesday, August 14, 2012
After a flat opening, indices once again found a decent support around 5300 mark and strong buying during the last hour of the trade pushed indices higher to close near days high. Going forward,...
Monday, August 13, 2012
Despite negative data pertaining to the domestic economy, our markets are currently showing strength around the 5300 mark. The minor impact of ‘Shooting Star’ was seen during the last two sessions...
Friday, August 10, 2012
Yesterday, indices opened quietly and breached Wednesday’s low of 17582 / 5331 during the second half of the session. Also, a closing below this level has confirmed a ‘Shooting Star’ pattern...
Thursday, August 9, 2012
After a flat opening, indices gradually moved towards the immediate resistance level of 17687 / 5386. Subsequently, indices fell sharply during the last hour of the session to register a close...