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Tuesday, May 21, 2013
As expected, indices opened in the positive territory and immediately made an attempt to move towards the next resistance level of 20750 / 6280. However half way through, indices faced tremendous...
Monday, May 20, 2013
Our benchmark indices have maintained their winning streak for the past five weeks. As a result, indices have registered a new 52-week high on a closing basis. In line with these developments, the...
Friday, May 17, 2013
Wednesdays humongous rally was followed by a range bound session. However, the bias remained positive throughout the session. There is no major change in the price structure. Hence, we continue to...
Thursday, May 16, 2013
After a range bound session on Tuesday, indices started yesterdays session on a positive note. Right from the first trade, indices kept moving higher on the back of tremendous buying interest. This...
Wednesday, May 15, 2013
Mondays sharp fall was followed by a narrow trading session as indices oscillated in a range. Despite positive inflation numbers, markets were reluctant to stay bullish. Indices precisely faced...
Tuesday, May 14, 2013
In line with our expectations, the market fell below the crucial support level of 19903 / 6040 and corrected lower to test the mentioned level of 19743 / 5993. The market has witnessed broad based...
Monday, May 13, 2013
For the fourth consecutive week, our benchmark indices have closed in the positive territory. We had mentioned in our previous report that the weekly ADX (9) indicator and the RSI-Smoothened...