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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...
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...