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SO WHAT HAPPENED TODAY?Market today was turbulent as the NSE ASI closed 27,437.25 up by 53.34 points (0.19%). Market Heavyweights led today's Bull trend from OPEN as it triggered the index up from 0.35%, to 0.59%. The rally stayed Bullish till Profit takers came in bringing down to 0.09%, before a recovery close to 0.19%. So What happened today? Market, just simply opened high and closed Flat. It just showed the market was not ready for this rally, and was not meant for Short term traders but rather Medium/Long term/Institutional Clients. The current market Turnover is high and in an Accumulation stage where Buying/Selling ratio is 1:1. Until we start seeing a change in ratio before we can start tracking what direction market will trend. So far NSE ASI is within a safe trading range of 27,000-28,000 points.
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This commentary is not
a recommendation to buy or sell, but rather a guideline to
interpreting the specified indicators. This information should only
be used by investors who are aware of the risk inherent in
securities trading. TRW accepts no liability whatsoever for any loss arising from any use of this expert or its contents. |
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