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Wednesday, March 11, 2020
Week 11-2020 Mid Update
Index has remained highly volatile with investment flowing in sector specific direction. While intraday support in the range of 37500-37700 +/- 100 is being held, the index is failing to break towards any reasonable resistance. Rather is just spikes and falls back to support which is not a good sign.
DoD basis, market cap continue to fall once again. Looking forward, we see no clear direction of the market and it may keep swinging wildly as investor panic responds to Corona scare and its economic fallout.
Technically speaking, 42800 +/- 300 is proving to be a firmly held bottom but overall bears refuse to surface. The major trend remains side ...
The week started off with the COVID-19 Omicron variant washing global markets into deep red, causing the index to briefly hit its second ma...