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Friday, July 19, 2013
Yesterday, during the first half, our benchmark indices slipped into a consolidation mode. Considering the hourly chart, it is clearly seen that indices found a decent support near ’20 EMA’ placed...
Thursday, July 18, 2013
Yesterdays price action can be perfectly described as a Tug-of-War between the bulls and the bears. Indices recovered smartly after posting a low of 19778 / 5927. Going forward, we continue to...
Wednesday, July 17, 2013
On Monday, post market hours, the Reserve Bank of India (RBI) announced measures to curb Rupee depreciation by tightening liquidity in the banking system. As a result, our benchmark indices opened...
Tuesday, July 16, 2013
Yesterday, indices maintained their positive momentum after crossing Fridays high of 19992 / 6019 and closed almost at the highest point of the day. Considering yesterdays price action and the...
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...