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Wednesday, April 25, 2012
Yesterday, we witnessed a flat opening in-line with global cues. Subsequently, indices moved in a very narrow range of 17047 – 17247 / 5180 - 5232. Going forward, we reiterate our view that 17047 /...
Tuesday, April 24, 2012
We witnessed a quiet opening on the back of mixed sentiments across Asian markets. Indices moved in a narrow range during the first half, but immense selling pressure near day’s high dragged...
Monday, April 23, 2012
Broadly speaking, the view on the markets remains unchanged from last week and indices continue to trade in the trading range of 17000 to 17530 / 5345 to 5180. Only a breakout from the said range...
Friday, April 20, 2012
Markets opened on a flat note and lingered around the hourly ’20 EMA’ during the first half. However, strong buying emerged near this support zone, which pushed indices higher to test mentioned...
Thursday, April 19, 2012
Yesterday, we witnessed a gap up opening well above the mentioned ‘Downward Sloping Trend Line’ resistance of 17400 / 5300 level, indices slipped nominally towards the end of the session. This move...