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Thursday, January 5, 2012
After a quiet opening, indices traded in a narrow range throughout the day. The bulls appeared to be skeptical while approaching the mentioned resistance zone of 16020 – 16070 / 4800 – 4820. These...
Wednesday, January 4, 2012
As mentioned in our yesterday’s report, indices opened firmly above the high of the “Dragon Fly Doji” candlestick pattern and the bullish implication was clearly seen. As a result, indices closed...
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....