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Friday, July 20, 2012
Yesterday, indices opened higher and maintained their early gains throughout the day. Our markets have now convincingly closed above 20-day EMA. This gives a slight hint of optimism. Indices are...
Thursday, July 19, 2012
Yesterday, after a flat opening our benchmark indices drifted lower to test the gap area of (17135 - 17034 / 5189 – 5159 levels) formed on 29thJune 2012. As expected and mentioned in our previous...
Wednesday, July 18, 2012
Despite strong opening, our markets could not sustain at higher levels and again closed below 5200 mark. Indices are now moving towards the lower range of the gap area (17135 - 17034 / 5189 – 5159...
Tuesday, July 17, 2012
Despite strong closing of US and European markets on Friday, we witnessed a flat opening in yesterday’s session. Subsequently, indices witnessed a strong selling pressure near day’s high to close...