Saturday, March 21, 2009

Stock Specific Moves

Now its getting clear to me that why this downturn not taking exact shape. When market is oversold then a few INDEX stocks having good weightage are not surrendering to the downturn moves and they keep going up defying the INDEX. and this helps INDEX to stay afloat amidst the rise and fall in various stocks as per weightage. Mean while, after the downturn, when the INDEX comes to oversold situation and other stocks go fully exhausted then the INDEX comes up, but those stocks holding the Downturn afloat earlier, they take the beating and go down against the rising INDEx and this thing is keeping the consolidation Going on at these levels.

Until the parity between these scrips is revised and made to same polarity along with INDEX ratios, we are not seeing any unusual fall in Major INDEX

regards

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