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Friday, March 2, 2012
Indices opened on a pessimistic note and continued to drift downwards right from the initial trade of the session. Further, momentum increased on the downside on the violation of 17677 / 5352 level...
Thursday, March 1, 2012
After a strong bounce back on Tuesday’s session, we witnessed a gap up opening during yesterday’s session. Subsequently, indices moved higher during the initial trade to test Tuesday’s high of...
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...