Wednesday, November 8, 2017

#NIFTY View on the 8th of November.

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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