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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...
Thursday, February 16, 2012
Yesterday, after seven trading sessions, we witnessed a breakout from the mentioned range of 17579 – 17890 / 5322 – 5428, with high volumes. Strong buying interest in yesterday’s trading session...
Wednesday, February 15, 2012
Yesterday, yet again indices traded with extreme volatility but remained inside the mentioned range of 17579 – 17890 / 5322 – 5428. Therefore, our view remains the same that a break out on either...