Sunday, July 16, 2017

#NIFTY Weekend View.

Early part of the week we saw some dominance by supply and we expected some retracement. This did not happen and instead we saw the index surge further ahead. However the volume remained low as the supply took a back seat.  The last upthrust was on much lower volume.  The lower volume produced a much higher price change. In other word higher result on much lower effort.  A retracement is overdue and the conditions for the same still exist albeit not very apparent. A retracement would be good for a healthy up move. A retracement is very much on the cards. That would be good for a healthy up move and would provide more opportunities.


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