HEAVY WEIGHT WEEK

The NSE ASI took a Heavy beating today down by 115.32 loosing a total of 439.05 points this week in a less encouraging tone

The market started off on an extremely weak note as investors accumulate blue chip stocks into the over-sold level.

however, trading volume remains dismal today (although a little higher than yesterday)
Despite continued positive score cards this week, investors are selling into this widely anticipated technical pull back scenario, beating the NSE ASI down to its February Highs of 23,800 level.

Some heavy weights are beginning to resist dropping below current levels with signs of Buying pressure building, signifying presence of Buying pressure and sellers not willing to go lower, Might be the Bulls are beginning to creep in slowly.

I expect Monday to give us a clearer picture.

Have a nice Long Holiday!!

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