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Wednesday, June 19, 2013
Yesterday, we observed sudden selling pressure during the latter part of the session, which led indices to close almost at the lowest point of the day. Also an important observation is that...
Monday, June 17, 2013
During the week, the bulls managed to garner some strength in last session after a dismal show for the first four days. On Friday, we witnessed a gap up opening which has led to the formation of a...
Fridays strong up move was followed by a quiet opening in our market. The correction post the RBI policy announcement and then the follow up buying seen in yesterdays session, is a sign of strength...
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...