Today we saw a wide spread Up Bar closing at
the Top. It seemed that strength has returned for the Market. However the
volume remained less than average raising a question on the validity of the
sign of strength. The quality of the demand remains poor. Also we have a skewed
Effort to Result ratio. 9220 level is
likely to provide more resistance. Unless we see some good quality demand, demand
with good increased volume, we are likely to see more sideways move.
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