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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. 

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