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Tuesday, October 23, 2012
Despite yesterdays gap down opening our benchmark indices bounced sharply from days lows. The hourly chart now depicts a narrow Channel formation. The trading range is 18886 to 18535 / 5729 to 5633...
Monday, October 22, 2012
Broadly speaking, at this juncture the markets are in a narrow trading range of 18886 to 18535 / 5729 to 5633. Only a sustainable breakout / breakdown on either side would give clarity of the near...
Friday, October 19, 2012
Finally, bulls had something to cheer about as we witnessed a sharp intraday rally during yesterday’s session. We had mentioned that the ’20-day EMA’ is proving out to be a major hurdle for the...
Thursday, October 18, 2012
Looking at the daily chart, it is observed that several attempts by the bears to break the support zone of ’20-day EMA’ have failed. Considering that there is no significant change in the price...