Market Monitor
- It was a good momentum day with 161 stocks up 4% or more.
- The 100% plus universe has been witnessing very good momentum for last couple of days. The pockets of strength is concentrated in high relative strength stocks.
- Another group of stocks which are showing good momentum for last month or so are a handful of big cap technology stocks.
- Much of the rest of the market is drifting. So if you are not positioned properly, you can not benefit from the momentum effect.
- Bonds have started moving, which might indicate a post holiday pullback.
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