In the last couple of days we saw weakness in
the market and index was retreating from
recent gains. Today however we saw the index smartly recover from lows. However
the volume was low. Technically today’s
Bar is a Successful “Test”. But the
overall market still shows weakness. The
declines were 63% compared to 39% advances. The points lost outnumbered the
gain points. However the Buy volume was 61% compared to 39% sell volume. Looks like Buying is concentrated on select
stocks while the overall market lost. Tomorrow
the market may be propelled higher by the Gujarat exit polls.
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