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Wednesday, June 20, 2012
Yesterday, indices opened quietly and initially moved towards the mentioned support level of 16636 / 5041. This level can now be considered as a strong intermediate support as the index has bounced...
Tuesday, June 19, 2012
Yesterdays RBIs decision of keeping Repo rate and CRR unchanged soured sentiment amongst market participants. This resulted in massive sell off post the announcement and indices corrected more than...
Monday, June 18, 2012
Broadly speaking, indices have traded in the range of 16968 to 16553 / 5146 to 5015 over the last few sessions. Fridays decent upside rally has confirmed a bullish implication of the mentioned...
Friday, June 15, 2012
Markets opened on a flat note and traded quietly during the first half. The inflation numbers put the spanner in the works and markets lost their positive momentum to correct sharply and close just...
Thursday, June 14, 2012
Tuesdays sharp bounce was followed by a range bound session yesterday as indices traded in a narrow band of about a percent. Going forward, our view remains unchanged as yesterdays session does not...