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Monday, January 23, 2012
Last week indices have rallied significantly after crossing 16421 / 4920 level and have managed to close almost at the highest point of the week. Markets are now nearing strong resistance level of...
Friday, January 20, 2012
After a gap up opening, indices traded in a narrow range during the first half and convincingly managed to sustain above 78.6% Fibonacci retracement resistance level of 16600 / 4976. Going forward...
Thursday, January 19, 2012
Markets opened marginally higher around the mentioned 78.6% Fibonacci retracement resistance level of 16600 / 4976. As expected, we witnessed selling pressure near this level indices moved lower to...
Wednesday, January 18, 2012
Markets opened with a decent upside gap mainly due to rupee appreciation and positive global cues. This positive momentum then pushed indices substantially higher to test expected resistance level...