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Monday, May 28, 2012
Broadly speaking, markets are still trading within the range of 16390 to 15809 / 4957 to 4767. We are now observing a positive crossover in daily RSI-Smoothened oscillator in the oversold territory...
Friday, May 25, 2012
After a mixed session on Wednesday, we witnessed a flat opening during yesterdays session. As mentioned in our previous report, once indices crossed Wednesdays high of 4854 the positive impact of...
Thursday, May 24, 2012
Yesterday, the depreciation in rupee continued further and recorded all time low below the 56 mark. This adversely affected equity markets and indices plunged to test 4800 mark. Going forward,...
Wednesday, May 23, 2012
Yesterday, markets opened on an optimistic note after a flat closing on Mondays session. However, significant rupee depreciation during the second half had a negative impact on equity markets as we...
Tuesday, May 22, 2012
The week began on a quiet note after a strong intraday rally on Fridays session. As expected, indices moved higher during the initial hour of the session but lost gains on the account of rupee...