Friday, November 10, 2017

#NIFTY View on the 10th of November.

Yesterday we saw that the overall market showed signs of strength whereas the index exhibited signs of weakness persisting.  We did expect that the overall market strength would reflect on the index as well. Today we did see strength coming back to the index. We saw a below average spread bar with above average volume closing on upper side albeit the gain was meager.  The overall market data shows some strange behavior today. The advances were only 649 compared to 925 declines. However the gains were more than the losses and the buy volume was much more than the sell volume. (See table). Anyways the week ended with sign of strength coming back into the market. Ideally we should see the market making an attempt to take out 10400.




No comments:

Post a Comment