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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...
Monday, March 12, 2012
After a negative start for the week, indices bounced back sharply on Friday after the testing the 200-day SMA support level of 17164 / 5163 during the week. This level coincides with the 20-week...
Friday, March 9, 2012
In our previous trading session, we witnessed that initially indices drifted lower to test mentioned support level of 17000 / 5167and later pulled back to close in the green. Now on the Daily chart...