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Friday, June 22, 2012
Yesterday after a quite opening, substantial buying by market participants led the indices to close on a strong footing. Going forward, we continue to maintain that the 17110 / 5190 level is an...
Thursday, June 21, 2012
Broadly speaking, indices have traded in a narrow range of nearly 1% during yesterdays session. However, bias remained positive considering strong intraday rally on Tuesdays session and the Indices...
Wednesday, June 20, 2012
Yesterday, indices opened quietly and initially moved towards the mentioned support level of 16636 / 5041. This level can now be considered as a strong intermediate support as the index has bounced...
Tuesday, June 19, 2012
Yesterdays RBIs decision of keeping Repo rate and CRR unchanged soured sentiment amongst market participants. This resulted in massive sell off post the announcement and indices corrected more than...
Monday, June 18, 2012
Broadly speaking, indices have traded in the range of 16968 to 16553 / 5146 to 5015 over the last few sessions. Fridays decent upside rally has confirmed a bullish implication of the mentioned...