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Wednesday, June 6, 2012
In our previous report, we had mentioned hourly 20-EMA resistance level of 16026 / 4861. Indices opened marginally above this level and moved towards the expected resistance level of 16147 / 4895....
Tuesday, June 5, 2012
Indices opened significantly lower during yesterdays session to test the 78.6% Fibonacci retracement level as mentioned above. Markets found decent support near this level and bounced back sharply...
Monday, June 4, 2012
The global financial uncertainty and rupee depreciation is proving to be extremely detrimental for our markets. Despite a positive beginning for the last week, indices eventually tumbled lower to...
Friday, June 1, 2012
Yesterday, once again indices opened lower in-line with negative global cues. Despite the weakest GDP growth data since March 2003, the indices bounced from lower levels to close well above the...