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Tuesday, July 10, 2012
Yesterday, after five days of consolidation, our benchmark indices traded in a bigger range of almost a percent. Profit booking in the later part of the trading session dragged the indices to test...
Monday, July 9, 2012
After the much-awaited breakout above 5200 mark in the previous week, we witnessed a range bound activity for 5 consecutive sessions. A series of narrow range body formations on the daily chart...
Friday, July 6, 2012
Until yesterday’s session, indices were struggling to close above 5300 mark. Hence, we witnessed a cluster of narrow range body formations. We had mentioned the positive placement of ‘ADX (14)’...
Thursday, July 5, 2012
Yesterday, once again for the third consecutive session we witnessed a lackluster activity, and the index closed marginally above the 5300 mark. The candlestick pattern formed on the chart is...
Wednesday, July 4, 2012
Yesterday, once again we witnessed a choppy trading session where; our indices were unable to sustain above 17500 / 5300 level. Our markets traded in a narrow range throughout the day to close near...