Yesterday we did anticipate
that the weakness would continue. We saw an above average spread Bar with above
average volume down Bar closing near the low on the NIFTY. The above average
volume adds credibility to the weakness.
We again look at the chart of the overall market Buying and selling
pressure. The Selling volume for the overall market has been nearly four times
the buy volume. (Refer the table). The weakness is likely to continue.
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