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Best-in-class technical insights delivering value
Tuesday, April 9, 2013
Yesterday indices opened on a flat note and remained range bound for the whole trading session. In technical term this can be explained as an Inside day prices oscillated within the previous days...
Yesterday indices opened on a flat note and remained range bound for the whole trading session. In technical term this can be explained as an Inside day as prices oscillated within the previous...
Monday, April 8, 2013
The bulls finally had to surrender this week, as the benchmark indices gave a weekly closing below the psychological level of 18500 / 5600, which is for the first time after November 16, 2012...
Friday, April 5, 2013
Wednesdays weak closing was followed by a gap down opening in our benchmark indices. During the first half the bulls made a valiant effort to move upwards but failed to do so as indices plunged...
Thursday, April 4, 2013
Despite, overnight positive cues from European and US indices, our benchmark indices opened in the red. During yesterdays session, we observed that indices were struggling to cross the stiff...
Wednesday, April 3, 2013
Yesterday post midsession, we witnessed immense buying interest among market participants. As a result, indices traversed the stiff resistance of hourly 89 EMA and gradually moved higher. We are...
Tuesday, April 2, 2013
Indices opened quietly and immediately during the initial hour of the session moved higher to test hourly 89 EMA level. However, this moving average proved to be a significant resistance for the...