2/05/2013

Is this the start of correction

In last 4 week we experienced a low breadth rally. The rally started with very low breadth and persisted with very low breadth.

 In last 5 sessions there have been 3 negative breadth days, but none of them above 300.


 As of now the breadth continues to be in good health. If we get follow through selling and breadth deterioration then time to worry at this stage it is still too early to say.

 A 5 to 10% correction would be good and it will help remedy the overheated sentiments.
Post a Comment