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Monday, January 16, 2012
After several attempts, markets finally managed to break out from the stiff resistance zone of 16070 / 4820, which also resulted in “Downward Sloping Trend Line” break out on the daily chart. Going...
Friday, January 13, 2012
After a gap down opening, indices remained under pressure during the first half and breached Wednesdays low of 16127 / 4841 to test mentioned support level of 16030 / 4800. Reduction in the...
After a gap down opening, indices remained under pressure during the first half and breached Wednesday’s low of 16127 / 4841 to test mentioned support level of 16030 / 4800. Reduction in the...
Thursday, January 12, 2012
After a marginal gap up opening indices moved towards the mentioned resistance level of 16286 / 4881, which also coincides with the 61.8% Fibonacci retracement level of the fall from 17004 to 15135...