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Friday, December 30, 2011
Yesterday, markets opened lower and traded with immense...
Thursday, December 29, 2011
We are witnessing that the 20 day EMA placed at 16020/4800 is proving to be a strong resistance for the Indices. Yesterday, markets opened quietly and selling pressure dragged indices lower to...
Wednesday, December 28, 2011
As expected and mentioned in our previous report, 16020 – 16070 / 4800 – 4820 levels acted as stiff resistance for the markets. This resistance zone also coincides with 20 Day EMA. After a flat...