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Wednesday, November 21, 2012
After a gap up opening, our indices tested the mentioned ’20-EMA’, on the hourly chart, which is placed at 18411 / 5600 level. However, selling pressure at higher levels once again dragged the...
Tuesday, November 20, 2012
At this juncture, we are observing a ‘Narrow Range’ body formation near the strong support zone created by two channels. This pattern qualifies as a “Homing Pigeon” Pattern on the charts of the...
Monday, November 19, 2012
Despite being a truncated week, our markets have shown a bigger trading range as compared to previous few weeks. The week was dominated by the bears and our benchmark indices breached almost all...
Friday, November 16, 2012
During yesterday’s session, our benchmark indices continued the negative momentum seen on ‘Muhurat Trading Session’. After opening lower, indices went on to post a day’s low of 18408 / 5603, which...
Thursday, November 15, 2012
Considering last couple of trading sessions, we can infer that in line with the global bourses our markets too are facing selling pressure at higher levels. The mentioned negative crossover in...
Monday, November 12, 2012
Previously, indices slipped marginally below the support level of 18530 / 5630 and bounced back sharply after making a low of 18393 / 5583. We are now observing a mirror image of the breakdown, in...
Friday, November 9, 2012
Despite, a massive sell off in US and European markets, our benchmark indices showed tremendous resilience as we opened nearly 1% lower and eventually managed to close marginally in the negative...