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Monday, July 15, 2013
For the first half of the week, our benchmark indices traded within the range of 19640 – 19147 / 5904 – 5760 as mentioned in our previous report. The breakout above 19640 / 5904 has now confirmed a...
Friday, July 12, 2013
All the equity markets across the globe got a booster shot after the Fed Reserve chairman Ben Bernanke announced that the central bank is not in a hurry to raise short term rates and that the...
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...