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Monday, December 3, 2012
After a long consolidation of seven weeks, the bulls have finally started to cut loose. We had mentioned a strong support level of Channel pattern around 18255 / 5548. This level was defended...
Friday, November 30, 2012
For the second consecutive session we have witnessed a gap up opening in-line with the global cues. As a result, indices opened above Tuesday’s high of 18863 / 5733 level and then precisely met...
Thursday, November 29, 2012
Finally, the bulls had something to cheer about as indices rallied sharply on Tuesday and closed well above 5720 mark. At this juncture the indices are hovering around the 78.6% Fibonacci...
Tuesday, November 27, 2012
Despite, strong rally in US and European markets on Friday, our benchmark indices failed to carry forward the positive sentiments and traded in a narrow range throughout the session. In the last...
Monday, November 26, 2012
In-line with our expectations, our benchmark indices found decent support near the convergence point of two channel patterns (as shown in exhibit 1). Further, we had mentioned a ‘Homing Pigeon’...
Friday, November 23, 2012
In-line with the expectation, our benchmark indices headed towards the next resistance level of 18570/ 5650 after crossing 18479 / 5620 level. Yesterdays high of 18568 / 5644 precisely co-incides...