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Wednesday, April 4, 2012
Yesterday, after a gap up opening our indices traded with positive bias in the first half of the trading session. As expected, the Indices faced resistance near the ‘Downward Sloping Trend Line’...
Tuesday, April 3, 2012
As expected, the week began on a positive note and indices managed to hold on to their initial opening gains. This has resulted in a daily closing well above the 20 day EMA, which shows optimism...
Monday, April 2, 2012
Last week, indices traded marginally below ‘200-day SMA’ support level of 17008 / 5171 during Thursday’s session, but strong buying interest near these levels led indices to close near the 5300...
Friday, March 30, 2012
Indices opened with a downside gap and traded marginally below “200-day SMA” during yesterday’s session. However, a minor recovery in the later half pushed indices higher to close above “200-day...