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Friday, November 11, 2011
Markets were struggling since last couple of sessions to cross immediate resistance level of 17702 / 5326. On Wednesday, markets made an attempt but again failed to cross this level and corrected...
Wednesday, November 9, 2011
After flat opening indices corrected towards the intraday support level of 17450 / 5250 and bounced from these levels during second half of the session. As mentioned in our earlier reports, the...
Tuesday, November 8, 2011
Going forward, indices are likely to face resistance near the “Downward Sloping Trend Line” level of 18100 / 5450 and “200-Day SMA” which is placed at 18000 / 5400 level. However, the impact of...
Friday, November 4, 2011
In Yesterday’s trading session, we observed that indices took support near the mentioned level of 17273 / 5196 where strong buying emerged and markets closed near days high. The Daily chart...