Today we saw the index open
higher and later lose all the gains. The index did enter negative territory and
later recovered a little to close in the positive territory. Looking at the index we see that the selling
pressure was greater than the buying pressure. However if we look at the
overall market the buying pressure was greater than the selling pressure. The
overall gain made in the market was greater than the losses. (Refer Table).
Here the picture presented by the index is indeed different from that of the
overall market. The overall market shows signs of strength returning and we
should see more upside soon. This strength should also reflect on the Index as
well.
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