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Monday, March 19, 2012
As mentioned in the previous weekly report, volatility surged on the back of major domestic events. Further, strong selling pressure on the Budget day dragged indices significantly lower to test 61...
Friday, March 16, 2012
As stated in our previous report we witnessed a volatile session yesterday due to RBI monetary policy. Post the announcement of the policy the indices dragged lower to test the “20 day EMA” at...
Thursday, March 15, 2012
In today’s trading session, it is likely that our markets open lower in line with global clues. The US DOLLAR INDEX has strengthened and the charts indicate probability of a further upside move in...
Wednesday, March 14, 2012
Yesterday, indices opened with an upside gap near the mentioned resistance of 17692 / 5382 and traded with a positive bias throughout the day to close near days high. The rally was in line with...
Tuesday, March 13, 2012
Indices opened higher during yesterdays session and initially moved towards the immediate resistance level of 17692 / 5382. There is no significant change in the chart structure and thus we would...