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Monday, March 26, 2012
Broadly speaking, Indices are trading in the range of 17687 to 17008 / 5386 to 5171. Clarity of trend will emerge only if after we witness a breakout on either side from the said range. On the...
Friday, March 23, 2012
Markets opened quietly yesterday and traded in a narrow range during the first half. As mentioned, strong selling pressure in the second half led indices to break intraday support level of 17509 /...
Thursday, March 22, 2012
After a quiet opening, markets drifted marginally lower during the initial trade. However, post mid-session, indices gained momentum after crossing high of the “Bullish Harami” pattern mentioned in...
Wednesday, March 21, 2012
Markets traded in a narrow range of 17410 to 17211 / 5297 to 5233 throughout the day. Eventually, we witnessed a closing marginally above the “Upward Sloping Trend Line” level of 17250 / 5255....
Tuesday, March 20, 2012
After a flat opening, indices witnessed a strong selling pressure throughout the day. As mentioned in our previous report, the negative impact of the technical tools such as, momentum oscillators...