Wednesday, April 5, 2017

#NIFTY View on the 5th of April.

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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