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Thursday, July 11, 2013
Our benchmark indices came off sharply during the second half to close with more than half a percent loss. In our previous report, we had mentioned a Channel pattern seen in the hourly chart, which...
Wednesday, July 10, 2013
Although our markets opened higher yesterday, the actual price action was lackluster and range bound. We are now observing that indices have precisely filled Mondays downside gap and closed near...
Tuesday, July 9, 2013
After a strong negative opening, our benchmark indices managed to recover half a percent during the session. Going forward, we continue to mention the trading range of 19640 – 19147 / 5904 – 5760....
Monday, July 8, 2013
The concluded weeks price action can easily be described as a Tug-of-War between the bulls and the bears. After a decent up move, indices came off sharply at the middle of the week and again...
Friday, July 5, 2013
Yesterday markets opened higher and significant volatility was seen during the session. The indices have now tested the 89 day EMA and the Nifty has closed just below that moving average. The gap...
Thursday, July 4, 2013
For the second consecutive session, markets opened lower and closed well inside the negative territory. The benchmark indices have now tested the hourly 89-EMA level at 5770. Also the momentum...