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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...
Friday, February 24, 2012
After a minor gap down opening, indices traded in a range with very high volatility. Post mid-session indices bounced back sharply from the days low and moved towards the hourly 20 EMA. We observed...
Thursday, February 23, 2012
After a quiet opening, indices stayed in a narrow range for most of the part of the day. However, significant selling pressure during the last hour of the session pulled indices near 5500 mark. We...