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Tuesday, April 3, 2012
As expected, the week began on a positive note and indices managed to hold on to their initial opening gains. This has resulted in a daily closing well above the 20 day EMA, which shows optimism...
Monday, April 2, 2012
Last week, indices traded marginally below ‘200-day SMA’ support level of 17008 / 5171 during Thursday’s session, but strong buying interest near these levels led indices to close near the 5300...
Friday, March 30, 2012
Indices opened with a downside gap and traded marginally below “200-day SMA” during yesterday’s session. However, a minor recovery in the later half pushed indices higher to close above “200-day...
Thursday, March 29, 2012
Indices opened marginally down during yesterday’s session in-line with other global bourses and selling pressure intensified in the latter part of the day. Consequently, indices drifted lower to...
Wednesday, March 28, 2012
Yesterday, after opening significantly higher, indices drifted lower during the initial trade. However, strong buying interest emerged at midst of the session pushed indices to close near the...