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Wednesday, June 13, 2012
We witnessed a strong upside rally during yesterdays session as indices bounced back sharply from mentioned hourly 20-EMA. We are now observing that indices have closed marginally above 200-day SMA...
Tuesday, June 12, 2012
Fridays sharp up move during the second half was followed by yesterdays decent gap up opening on the back of positive sentiments across the globe. As a result, we were observing a Downward Sloping...
Monday, June 11, 2012
The bulls have shown tremendous resilience in the past 5 trading sessions. The 140 odd point rally on Wednesdays session clearly signaled that the bears should ideally cover their shorts and move...
Friday, June 8, 2012
Yesterday, after a gap up opening, we witnessed a sideways move in the market with an underlying positive bias. Indices managed to cross mentioned swing high of 16544 / 5020 and traded well above...
Thursday, June 7, 2012
Yesterday, after a gap opening, we witnessed a strong rally on the back rumors that the Fed will resort to Quantitative Easing (QE3) in the near future. On the charts positive divergence observed...
Wednesday, June 6, 2012
In our previous report, we had mentioned hourly 20-EMA resistance level of 16026 / 4861. Indices opened marginally above this level and moved towards the expected resistance level of 16147 / 4895....