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Monday, February 21, 2011
After a sharp bounce, indices have faced resistance near to the 200-day SMA of 18776 / 5636. On the daily chart, we are observing a Bearish Engulfing candlestick pattern. Any close below 18159 /...
Friday, February 18, 2011
Markets opened on a positive note and momentum on the upside gradually picked up which led the indices to close near days high. On the daily chart, after a breakout from the channel, prices have...
Thursday, February 17, 2011
Markets traded in a narrow range with extreme choppiness and close on a flat note. On the daily charts, after a Doji formation we are witnessing a Spinning top which indicates that prior trend is...
Wednesday, February 16, 2011
Markets opened higher and traded with extreme choppiness to close in green. On the daily chart we are observing that prices have marginally closed above the downward sloping channel but have formed...