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Monday, December 10, 2012
The previous week’s sharp rally was followed by consolidation in this week. However, Nifty precisely met with our target, of the ‘Channel Pattern’, at the 19500 / 5950 level mentioned in our...
Friday, December 7, 2012
After correcting sharply during the initial hour, we witnessed unexpected buying in our market post mid-session. BSP President Mayawatis statement that she would back the government on the FDI-in...
Thursday, December 6, 2012
Yesterday, we witnessed yet another session with lackluster activity and a narrow trading range. Further, initial gap opening above the high of ‘Spinning Top’ candle has negated the pattern....
Wednesday, December 5, 2012
Yesterdays session was a replica of previous trading session. Indices opened flat and remained in a tight range for the whole trading session. Thus, the Spinning TopJapanese candlestick pattern...
Tuesday, December 4, 2012
Friday’s strong closing was followed by a quiet session in our market. It was quiet evident to have such a sideways movement in prices after a sharp rally of nearly 4.50% in three consecutive...
Monday, December 3, 2012
After a long consolidation of seven weeks, the bulls have finally started to cut loose. We had mentioned a strong support level of Channel pattern around 18255 / 5548. This level was defended...
Friday, November 30, 2012
For the second consecutive session we have witnessed a gap up opening in-line with the global cues. As a result, indices opened above Tuesday’s high of 18863 / 5733 level and then precisely met...