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Friday, June 1, 2012
Yesterday, once again indices opened lower in-line with negative global cues. Despite the weakest GDP growth data since March 2003, the indices bounced from lower levels to close well above the...
Thursday, May 31, 2012
Yesterday, we witnessed a range bound activity after a gap down opening and eventually markets closed below the important support level of 4957. Looking at the negative placement of hourly...
Wednesday, May 30, 2012
Yesterday, our benchmark indices witnessed a range bound activity throughout the session. On the daily chart, the momentum oscillators along with ADX (9) indicator are still positively poised....
Tuesday, May 29, 2012
The week began on an optimistic note after Friday’s flat session and our benchmark indices have finally managed to break out of the mentioned trading range of 16390 to 15809 / 4957 to 4767. On the...
Monday, May 28, 2012
Broadly speaking, markets are still trading within the range of 16390 to 15809 / 4957 to 4767. We are now observing a positive crossover in daily RSI-Smoothened oscillator in the oversold territory...