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Tuesday, August 21, 2012
For the third consecutive week, our benchmark indices have closed in the positive territory. However, the ‘Higher Top Higher Bottom’ structure in weekly chart is yet to be confirmed as our markets...
Friday, August 17, 2012
Looking at the past couple of trading sessions, it is clear that 17754 / 5387 level is proving to be strong resistance level. Failure to close above this level (17754 / 5387) in multiple sessions...
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...