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Tuesday, April 3, 2012
As expected, the week began on a positive note and indices managed to hold on to their initial opening gains. This has resulted in a daily closing well above the 20 day EMA, which shows optimism...
Monday, April 2, 2012
Last week, indices traded marginally below ‘200-day SMA’ support level of 17008 / 5171 during Thursday’s session, but strong buying interest near these levels led indices to close near the 5300...
Friday, March 30, 2012
Indices opened with a downside gap and traded marginally below “200-day SMA” during yesterday’s session. However, a minor recovery in the later half pushed indices higher to close above “200-day...
Thursday, March 29, 2012
Indices opened marginally down during yesterday’s session in-line with other global bourses and selling pressure intensified in the latter part of the day. Consequently, indices drifted lower to...