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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