Wednesday, July 18, 2012

Bears need to show muster

It seems market is refusing to yield to any direction, but slipping slowly still not significantly keeping hope alive of both parties (as is the nature of markets).Now that's the problem with only looking at indices, but if one sees the stocks one can separate trees from forest. Individual stocks have shown weakness specially beta and all the overbought conditions were negated.
 Bank-nifty is still holding above 10520, and lets see what today's session throws out.

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