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Wednesday, September 5, 2012
As mentioned in our weekly report, the 50% Fibonacci Retracement level of 17285 / 5240 is providing a decent support for our markets. Resembling last couple of trading sessions, yesterday also, our...
Tuesday, September 4, 2012
At this juncture, looking at the daily chart it is clear that our benchmark indices are facing strong resistance around ’20-day EMA’ placed at 17560 / 5316 level. Hence, only a sustainable move...
At this juncture, looking at the daily chart it seems that our benchmark indices are facing a strong resistance around ’20-day EMA’ placed at 17560 / 5316 level. Hence, only a sustainable move...
Monday, September 3, 2012
After posting four consecutive positive weekly closings, we witnessed a correction in our markets during the last week. The bellwether indices (Sensex / Nifty) tested support level of 17285 / 5240....
Friday, August 31, 2012
Finally, after four consecutive sessions, our markets managed to bounce and close in the positive territory. Extreme oversold condition of momentum oscillators and the derivative expiry helped the...