Reflex Bounce | stockbee


Reflex Bounce

  • After 3 days of selling market experienced a reflex bounce.
  • However it had a full round turn going, up, down, up, before finally ending in positive territory.
  • The Energy sector was best performer. This sector in last two month had a correction and is now trying to bounce back.
  • But if the energy and commodities stock start bouncing back, it will be interesting to watch, what happens to rest of the market.
  • Next 10 days or so will most probably be very low volume days as traders decide to utilise last two weeks of summer holidays.
  • Overall the market continues to trade in narrow range and probably will continue to do so till few weeks before next earning season.

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