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Wednesday, February 29, 2012
Yesterday, we witnessed that our markets traded with positive momentum throughout the day to test and close near the mentioned resistance zone of 17720 – 17975 / 5370 – 5450. The daily chart now...
Tuesday, February 28, 2012
Our markets opened on a flat note but selling pressure was clearly evident from the first few trades of the session. Subsequently, the impact of negatively poised “RSI-Smoothened” and “3 & 8...
Monday, February 27, 2012
Last week indices corrected after nearing their resistance zone of 18756 / 5645. We are now observing that this resistance zone almost coincides with the 61.8% Fibonacci Retracement level of the...
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...