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Monday, May 7, 2012
We have been mentioning a trading range of 17530 to 16920 / 5345 to 5135 in the last couple of reports. Markets have now closed below ‘200-day SMA’ and ’20-week EMA’ level on account of selling on...
Friday, May 4, 2012
After a gap down opening below the mentioned support level of 5223, yesterday we witnessed a volatile trading session where selling pressure intensified in the later half and Nifty closed below...
Thursday, May 3, 2012
After a flat opening, indices surged higher during the initial part of the session. However, selling pressure during the second half dragged indices lower to close almost at the lowest point of the...
Wednesday, May 2, 2012
On Monday, after a positive opening Indices have now moved towards the ‘Downward Sloping Trend Line’ resistance of 17350 / 5250 level mentioned in our earlier reports. A sustainable move beyond...