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Wednesday, January 12, 2011
Markets opened higher, traded with extreme choppiness and finally managed to close on a flat note. On the daily chart we are witnessing a “Spinning top” formation which reflects that the momentum...
Tuesday, January 11, 2011
Markets opened lower and selling gradually intensified as the day progressed which led the markets to close near days low. In coming trading session a bounce from current levels up to 19500 – 19700...
Monday, January 10, 2011
Markets are at crucial support levels; the upward sloping trendline joining the two lows of 15960 and 19074 / 4786 and 5721 holds significance. Any weekly close below 19629 / 5883 levels would...
Friday, January 7, 2011
Markets opened higher but the upside momentum was short lived as selling intensified as the day progressed which led the indices to close in red. On the daily chart, we are observing that prices...