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Friday, September 7, 2012
Yesterday, our markets remained muted during the first half of the session. Subsequently, a strong opening in the European markets influenced a shift in trading sentiment and indices rallied nearly...
Thursday, September 6, 2012
Despite a decently positive closing on Tuesday’s session, our markets failed to carry forward the same momentum. After a gap down opening, indices continued to trade with negative bias post...
Wednesday, September 5, 2012
As mentioned in our weekly report, the 50% Fibonacci Retracement level of 17285 / 5240 is providing a decent support for our markets. Resembling last couple of trading sessions, yesterday also, our...
Tuesday, September 4, 2012
At this juncture, looking at the daily chart it seems that our benchmark indices are facing a strong resistance around ’20-day EMA’ placed at 17560 / 5316 level. Hence, only a sustainable move...