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Monday, December 5, 2011
During the week we witnessed a sharp rally after crossing a resistance level of 15970 / 4780. Unexpected but coordinated policy changes by central bankers across the world caught the bears napping...
Friday, December 2, 2011
Our markets opened significantly higher mainly due to strong overnight cues from European and US indices. Subsequently, indices registered a high of 16718 / 5012 which almost coincides with the 50%...
Thursday, December 1, 2011
Our markets opened lower and traded with extreme...
Wednesday, November 30, 2011
Indices opened marginally above the previous resistance level of 16187 / 4859 and selling pressure dragged the indices to test 38.2% Fibonacci retracement level of the current rally from 15479 –...