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Tuesday, December 27, 2011
After a flat opening in yesterday’s session, indices continued to move higher and tested the 20 Day EMA during the second half. Going forward, 16020 – 16070 / 4800 – 4820 levels are likely to act...
Monday, December 26, 2011
Last week, markets anchored their position near the “Downward Sloping Trend Line” (joining two lows of 15760 – 15479 / 4728 – 4639) support level of 15330 / 4540. Thus, the weekly low of 15135 /...
Friday, December 23, 2011
Yesterday, indices opened lower and drifted towards the mentioned support level of 15450 / 4638 during the first half. However, strong buying emerged near days low which pushed indices higher to...
Thursday, December 22, 2011
Indices opened on an optimistic note and crossed key resistance level of 15450 / 4638 during the latter part of the session to rally towards 15750 / 4730. We are now observing a positive crossover...