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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...
Tuesday, January 17, 2012
The week opened with a downside gap and then markets drifted towards the immediate support level of 16070 / 4820 during the initial first half of the session. However, indices found decent support...
Monday, January 16, 2012
After several attempts, markets finally managed to break out from the stiff resistance zone of 16070 / 4820, which also resulted in “Downward Sloping Trend Line” break out on the daily chart. Going...