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Friday, February 10, 2012
Yesterday, indices again made an attempt to cross 5400 mark and finally succeeded to close above that after Aug 2011. Indices have almost negated the “Bearish Engulfing” pattern and have just...
Thursday, February 9, 2012
After a quiet opening, indices made another attempt of crossing 5400 mark. We observed strong selling pressure near this stiff resistance which dragged indices lower to test hourly 20 EMA. However,...
Wednesday, February 8, 2012
We witnessed yet another gap up opening mainly on the back of positive sentiments across global. However, markets pared early gains and a relatively sharp down move during the second half led...
Tuesday, February 7, 2012
Once again for the fifth consecutive session, our markets opened on an optimistic note. The liquidity fuelled rally continued to boost prices albeit a small correction from the day’s highs. We are...
Monday, February 6, 2012
After a weak opening, indices managed to find decent support around 16757 / 5055 level. As the week progressed, markets continued to cross all resistances and a rally on Friday’s session led...