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Friday, February 24, 2012
After a minor gap down opening, indices traded in a range with very high volatility. Post mid-session indices bounced back sharply from the days low and moved towards the hourly 20 EMA. We observed...
Thursday, February 23, 2012
After a quiet opening, indices stayed in a narrow range for most of the part of the day. However, significant selling pressure during the last hour of the session pulled indices near 5500 mark. We...
Wednesday, February 22, 2012
After a quiet opening, indices showed some positive momentum and moved higher towards the immediate resistance level of 18423 / 5607. Eventually the markets registered a high of 18471 / 5622 for...
Tuesday, February 21, 2012
After a consolidation of nearly seven consecutive sessions, finally, indices managed to break out from the “Horizontal Resistance Line” placed at 17908 / 5400 level. Strong momentum was witnessed...
Friday, February 17, 2012
Yesterday, after a downside opening indices traded in a narrow range throughout the day. Hence, yesterday’s price action called as an “Inside Day” formation. This candlestick formation occurs when...