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.
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