When we reviewed the index last week we said that the smart money was not fully
participating in the market and we are likely to see sideways movement in the
near future. The lack of interest continued
and the movement was indeed sideways. The overall change in the week was
insignificant. The volume also remained low.
The earlier price support level 9108 can into picture. We saw support
coming in below this level. This level is likely to provide support and we expect
further sideways movements in the coming weeks. Some the important company
results are likely to provide some influence. Overall being the expiry week it
is likely to be a lackluster one.
No comments:
Post a Comment