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