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Monday, May 21, 2012
Markets traded with extreme pessimism last week as negative domestic and global inflows continued to dampen trader sentiment. We are now observing that indices have precisely tested the 78.6%...
Friday, May 18, 2012
Yesterday, with an optimistic start markets showed some early signs of a bounce back. We have been witnessing since past few sessions that every intraday rally loses momentum and gets sold into...
Thursday, May 17, 2012
We witnessed a massive gap down opening during yesterdays session on the back of extreme pessimism across all Asian bourses (mainly observed in Hang Seng Index) and Rupee closing at an all time low...
Wednesday, May 16, 2012
After a correction of nearly five consecutive sessions, yesterday we witnessed a small relief rally. However todays opening is likely to be negative on the back of extremely weak Asian markets. On...
Tuesday, May 15, 2012
Yesterday, selling pressure dragged indices significantly lower to test mentioned support level of 16000 / 4850. Going forward, we reiterate that considering oversold position of momentum...