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Thursday, July 26, 2012
Yesterday, indices opened flat and drifted lower during the initial hour of the trade. However, it can be clearly seen that the ‘200-day SMA’ has acted as a substantial support for the Index....
Wednesday, July 25, 2012
Despite extreme negative overnight cues from European and US markets, our markets opened on a quiet note and traded sideways throughout the session. As expected, ‘200-day SMA’ provided decent...
Tuesday, July 24, 2012
We have been mentioning a gap area of 17135 - 17034 / 5189 – 5159 levels formed on June 29, 2012. During yesterday’s session, our markets opened below 17034 / 5159 level and continued to fall...
Monday, July 23, 2012
After a flat opening on Monday, indices moved marginally below the 20-day EMA to test gap area (17135 - 17034 / 5189 – 5159 levels) formed on 29thJune 2012. This level also coincides with the...