02 January 2011

Breadth Indicator : Week Ending 31 Dec 2010

Some more improvement in the breadth can be seen when compared to last week, which is obvious as market kept crawling higher and losers played catch up. Volume apart from expiry day was dismal and only the end of holidays and Q4 earnings can put some life into the market. Peak has shifted from -50% to -30%, which is good news. 115 stocks are trading below their Jan expiry price average and 72 are trading above it.As said earlier materials and IT are the best performer.


Post a Comment