Sentiment Analysis Report – W/E March 23, 2012
Analysis of the market activity in the week ended March 23rd 2012 technically revealead improved optimistim and high speculative propensity in the investors’ trading pattern as against very low optimism and profit booking trend observed in the previous week performance.
In the week, renewed and fresh bargain in some sectors observed while market sentiment turned bullish, though speculative tendency dominated atmoshpere as market swings in and out of green zone while optimism level gained more points.
Also, the indecisive posture of the market remained too high. This further shows that large number of market participants are on sideline and appeared wary which could not be isolated from the unstable trend in the market. However, a significant decline witnessed in their activities.
Nevertheless, the improved optimisim and speculative buying witnessed during the week suggests better prospect with likely volatility in the new week.