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Tuesday, January 24, 2012
After a flat opening, indices traded in a narrow range of 16784 – 16659 / 5060 – 5020 levels and finally closed marginally below 5050 mark. Movement was seen in individual counters but the Indices...
Monday, January 23, 2012
Last week indices have rallied significantly after crossing 16421 / 4920 level and have managed to close almost at the highest point of the week. Markets are now nearing strong resistance level of...
Friday, January 20, 2012
After a gap up opening, indices traded in a narrow range during the first half and convincingly managed to sustain above 78.6% Fibonacci retracement resistance level of 16600 / 4976. Going forward...
Thursday, January 19, 2012
Markets opened marginally higher around the mentioned 78.6% Fibonacci retracement resistance level of 16600 / 4976. As expected, we witnessed selling pressure near this level indices moved lower to...