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Thursday, April 25, 2013
In our previous report, we had mentioned that indices are hovering around 19416 / 5870, which is the 61.80% Fibonacci retracement level of the fall from 20204 / 6112 to 18144 / 5477. Hence,...
Tuesday, April 23, 2013
Yesterday, as expected, indices continued to progress higher after breaking Thursdays high of 19061 / 5794 and moved beyond our immediate target of 19200 / 5815. Indices are now gradually moving...
Monday, April 22, 2013
The week saw our benchmark indices rally independently, neglecting all negative developments across the globe. During the early part of the week, indices managed to cross the high of the Spinning...
Thursday, April 18, 2013
Tuesdays strong rally was followed by a gap up opening in yesterdays sessions but indices failed to sustain at higher levels and trimmed all early gains during the second half. Yesterdays price...
Wednesday, April 17, 2013
For the second consecutive session, indices have neglected the negative developments in all other equity markets across the globe. Indices traded with immense optimism from the initial hour of the...