Wednesday, February 7, 2018

#NIFTY View on the 7th of February.



Today the Index opened on a positive note. However the index could not hold on to the gains and eventually closed slightly negative. Yesterday we saw buying in the Index while the overall Market saw selling. Today it was the opposite case as the index saw selling and the overall Market saw some good buying. The advances and the gains were much higher than declines and losses. However the buying and selling volumes were almost at par. The disparity between the overall market and the index still indicates persisting weakness. However it is also an indication that downside would be limited. Such disparity can also be seen in sideways market. We need to see both the Index and the Market move together for any real recovery.




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