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Friday, March 23, 2012
Markets opened quietly yesterday and traded in a narrow range during the first half. As mentioned, strong selling pressure in the second half led indices to break intraday support level of 17509 /...
Thursday, March 22, 2012
After a quiet opening, markets drifted marginally lower during the initial trade. However, post mid-session, indices gained momentum after crossing high of the “Bullish Harami” pattern mentioned in...
Wednesday, March 21, 2012
Markets traded in a narrow range of 17410 to 17211 / 5297 to 5233 throughout the day. Eventually, we witnessed a closing marginally above the “Upward Sloping Trend Line” level of 17250 / 5255....
Tuesday, March 20, 2012
After a flat opening, indices witnessed a strong selling pressure throughout the day. As mentioned in our previous report, the negative impact of the technical tools such as, momentum oscillators...
Monday, March 19, 2012
As mentioned in the previous weekly report, volatility surged on the back of major domestic events. Further, strong selling pressure on the Budget day dragged indices significantly lower to test 61...