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Tuesday, January 3, 2012
As stated in the earlier report, we witnessed selling pressure below 15406 / 4609 and indices corrected to test expected support level of 15331 / 4589. However, during the second half, buying was...
Monday, January 2, 2012
The fall seen during the later part of the week, after testing the 20 – Day EMA, suggests that 16020 – 16070 / 4800 – 4820 levels have now become a significant resistance zone for the markets....
Friday, December 30, 2011
Yesterday, markets opened lower and traded with immense...
Thursday, December 29, 2011
We are witnessing that the 20 day EMA placed at 16020/4800 is proving to be a strong resistance for the Indices. Yesterday, markets opened quietly and selling pressure dragged indices lower to...