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Monday, October 15, 2012
As mentioned in our earlier reports, our benchmark indices, the Sensex and the Nifty, are now undergoing a ‘Time-Wise correction’ or in simple words, going through a consolidation or corrective...
Friday, October 12, 2012
The bulls showed tremendous resilience during yesterdays session, as we witnessed more than 1% intraday rally from the lows. This was mainly on the back of hopes that Infosys will post decent...
Thursday, October 11, 2012
Yesterday, fear of an impending downgrade to the sovereign and negative sentiments across the globe lead our indices to close 0.9% lower below the mentioned support level of 18684 / 5666. Now on...
Wednesday, October 10, 2012
We had an optimistic start for the session, but indices faced immense selling pressure near 20 EMA on hourly chart. Going forward, yesterdays high of 18886 / 5729 now becomes the immediate hurdle...
Tuesday, October 9, 2012
Yesterdays session was completely dominated by the bears as the benchmark indices struggled to give even a minor intraday bounce. The price movement was in-line with expectations as the negatively...