Highlights of trade today:
1. The market broke through 50 day MA on high volumes. After staying above 50 SMA for several days, it is not good sign for bulls.
2. Interim budget was the much awaited event today, but it seemed to be “sell before news” kind of event for markets. Anyway most market participants did not expect any great changes from vote on account.
3. The much higher volumes were clearly visible in NF. Cash vol were more or less the same.
4. FII were sellers and DII bigger buyers, continuing their broad role play for several days now.Read More...