17 December 2010

Breadth Indicator : Week Ending 17 Dec 2010

With some amount of short covering we saw Nifty closing higher for the week. Breadth has not improved much, I can recall peak at -70% which has crept to -60%, Their has been pocket of strength, especially IT which actually have not seen any correction.

With 151 stocks trading below their average and only 34 above it, hard work is still left to be done by the bulls.


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