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Friday, February 1, 2013
Yesterday, indices traded in a narrow range but with a clear negative bias. The daily chart now indicates a ‘Trend Line’ breakdown near 19970 / 6042 level. This trend line is formed by joining the...
Thursday, January 31, 2013
Surprisingly, just a day before the derivative expiry, we witnessed a very narrow trading session. Since there is no major change in the chart structure, we reiterate that Tuesday’s high of 20204 /...
Wednesday, January 30, 2013
Despite positive outcome from the ‘RBI Monetary Policy’, indices struggled to sustain at higher levels. Strong selling pressure during the second half ultimately dragged indices to close almost at...
Tuesday, January 29, 2013
We witnessed a very narrow trading range in yesterday’s session as the traders refrained from creating fresh positions just before the ‘RBI Monetary Policy’. The psychological levels of 20000 and...
Monday, January 28, 2013
For the second consecutive week our bellwether indices, the Sensex and the Nifty posted weekly closings well above the psychological levels of 20000 and 6000, respectively. Despite negative...
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...