Above is the distribution of stocks in their respective "deciles". If it is compared to the chart of the week ending Nov 26 we can see a gradual shift in the concentration from -70% to -40%. Nifty experienced an oversold bounce and so did a lot of beaten down stocks. There needs to be a lot of work done by the broader market to get back to shape, the ideal one should be when the peak is made in the positive territory and then only we can say that the market is recovering and has the potential to rally higher.
The weakest stocks are :
GTL
JSWSTEEL
SCI
VIDEOIND
WELCORP
The strongest are:
DISHTV
DRREDDY
TCS
CIPLA
TATAMOTORS
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