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Monday, December 26, 2011
Last week, markets anchored their position near the “Downward Sloping Trend Line” (joining two lows of 15760 – 15479 / 4728 – 4639) support level of 15330 / 4540. Thus, the weekly low of 15135 /...
Friday, December 23, 2011
Yesterday, indices opened lower and drifted towards the mentioned support level of 15450 / 4638 during the first half. However, strong buying emerged near days low which pushed indices higher to...
Thursday, December 22, 2011
Indices opened on an optimistic note and crossed key resistance level of 15450 / 4638 during the latter part of the session to rally towards 15750 / 4730. We are now observing a positive crossover...
Wednesday, December 21, 2011
Indices opened on a quiet note and tried crossing the resistance at 15440 / 4623 but failed to sustain at higher levels as strong selling pressure intensified during the latter part of the session....