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Monday, March 12, 2012
After a negative start for the week, indices bounced back sharply on Friday after the testing the 200-day SMA support level of 17164 / 5163 during the week. This level coincides with the 20-week...
Friday, March 9, 2012
In our previous trading session, we witnessed that initially indices drifted lower to test mentioned support level of 17000 / 5167and later pulled back to close in the green. Now on the Daily chart...
Wednesday, March 7, 2012
Yesterday, indices tumbled significantly lower to test mentioned support level of 17230 / 5210. The rise in the dollar index and a weakening rupee continue to impede trader sentiment in Indian...
Tuesday, March 6, 2012
After a weak opening, indices continued to drift further down as the day progressed on the back of negative global cues and rupee appreciation. Volumes remained lower as participants are awaiting...
Monday, March 5, 2012
Broadly speaking, markets are trading in a range of 18001 to 17381 / 5459 to 5268. A breakout from the mentioned trading range, on either side, is likely to dictate a clear direction in coming...