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Thursday, June 14, 2012
Tuesdays sharp bounce was followed by a range bound session yesterday as indices traded in a narrow band of about a percent. Going forward, our view remains unchanged as yesterdays session does not...
Wednesday, June 13, 2012
We witnessed a strong upside rally during yesterdays session as indices bounced back sharply from mentioned hourly 20-EMA. We are now observing that indices have closed marginally above 200-day SMA...
Tuesday, June 12, 2012
Fridays sharp up move during the second half was followed by yesterdays decent gap up opening on the back of positive sentiments across the globe. As a result, we were observing a Downward Sloping...
Monday, June 11, 2012
The bulls have shown tremendous resilience in the past 5 trading sessions. The 140 odd point rally on Wednesdays session clearly signaled that the bears should ideally cover their shorts and move...
Friday, June 8, 2012
Yesterday, after a gap up opening, we witnessed a sideways move in the market with an underlying positive bias. Indices managed to cross mentioned swing high of 16544 / 5020 and traded well above...
Thursday, June 7, 2012
Yesterday, after a gap opening, we witnessed a strong rally on the back rumors that the Fed will resort to Quantitative Easing (QE3) in the near future. On the charts positive divergence observed...