NIFTY# View on the 29th January.

Today we saw the Index open on a positive note, moved up about 90 points and finally closed 60 points up with the buying pressure slightly edging out the selling pressure. The spread and the volume were above average.  However the overall market projected a different picture. The selling pressure clearly dominated the buying pressure. The declines were more than double of that of advances. The losses were five times of the gains. The sell volume was 69% compared to 31% Buy volume.  The overall market presented a negative picture for the last four sessions while the index presented a positive picture.  It looks  like lot of buying is happening in the index stocks while the overvalued and over stretched mid and small caps are being liquidated.  This scenario is likely to continue in the coming sessions too.

#NIFTY View on the 24th of January.

  The upmove in the index seems to be losing steam. The Index is struggling to move up. Today we saw high volume and the index was unable to make much headway. The overall Market was again bearish with the decline out numbering the advances, loses dominating gains and the sell volume edging over Buy volumes. It could be the caution before the expiry.  We need wait and see how the market would behave after the expiry date.

#NIFTY View on the 22nd January.

 We had seen that recently the Market and the Index exhibited diverse indications. However last Friday we saw the market and Index were in sync. We were not sure that it was a one off situation or not. The same continued today as well. Both the Market and the Index showed strength with buying pressure dominating. The next couple of sessions are important as the  Market and the index in sync would augur more bullishness.

#NIFTY #Market View on the 21st of January.

  I am back to the Market after a break.  The Nifty has been moving up from the beginning of the year slowly and steadily. Recently we can see the volume too had increasing. The buying pressure is also dominant.  All this gives an impression of very positive outlook.  However when we look at the overall market we would be surprised to see the marked difference. The picture presented by the overall Market is starkly different from that of NIFTY. We can see that from the beginning of the year the buying volume and been declining and of lately showing indecision. The declining stocks outnumber the advancing stocks.  The selling pressure in the last week clearly overwhelmed the buying pressure.  The overall volume has been above average.   So the overall market is behaving in a contrary fashion compared to the Index. This diverse behavior only indicates weakness for the market.  The probability the weakness extending to the Index soon is quite high. Caution is recommended at these levels.