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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...
Wednesday, August 8, 2012
Yesterday, yet again our markets opened higher and maintained their early gains throughout the day. We observed that indices opened above the mentioned Downward Trend Line resistance level and...
Tuesday, August 7, 2012
Yesterday, after a gap up opening indices maintained their early gains throughout the day and closed firmly near 5300 mark. Yesterdays rally was mainly led by a single heavyweight, Reliance...
Monday, August 6, 2012
As expected, indices rallied sharply during the first half of the week. Comments from ECB chief Mario Draghi were initially considered as negative as there were no signs of immediate liquidity...