Today again we saw the index
move up on low volume. The overall
increase was just 30 points. Clearly the
demand is not overpowering and at the same time supply seems to be absent. When the supply is absent it should have been
easy for the demand to take the index to much higher levels. This is not happening and that puts us in a
strange situation. But when we look at the individual stocks we see that many
non index stocks including many bank stocks making smart moves today. Clearly
there is some index management in progress. Looks like we have to wait for a
few sessions till the markets finds it’s own direction. Till then look at
individual stories.
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