Diagnosis (for the week ended 30th March 2012)
Analysis of the market activity in the week ended March 30th 2012 technically revealead bearish sentiments and high pessimism in the investors’ trading pattern as against improved optimistim and high speculative propensity observed in the previous week performance.
In the week, continued selling and weak bargain was observed across the sectors while market sentiment turned bearish. The sell pressure towards blue chips dominated market atmoshpere as investors remained pessimistic.
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 increase witnessed in their activities.
Nevertheless, the depressed postures of equities observed across the sectors might incite speculative trading- a pointer to likely volatility in the new week.
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