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Friday, June 14, 2013
Yesterday, our market opened with a downside gap and remained under pressure during the first half. In the process, indices posted a low of 18765 / 5683 and immediately managed to bounce off the...
Thursday, June 13, 2013
For the third consecutive session, our benchmark indices posted a closing in the negative territory. During the session, indices breached the 61.8% Fibonacci retracement level of 19022 / 5764 and...
Wednesday, June 12, 2013
Yesterday, indices opened on a pessimistic note and immediately during the initial hour, breached the crucial support of 50% Fibonacci retracement level placed at 19294 / 5853. As expected, this...
Tuesday, June 11, 2013
Despite a strong overnight closing in the US markets, our benchmark indices corrected lower right from the opening tick. For most part of the session, indices remained under pressure mainly on the...
Saturday, June 8, 2013
Apart from the first and the last session, we witnessed a narrow range and lackluster movement during the week. Indices have traded around the 89-EM’ support level of 19443 / 5895 throughout the...
Thursday, June 6, 2013
In our previous report, we had mentioned a strong support...