11/28 Market Analysis

Todays gap up opening was good for the market but there wasn't enough volume to support the gap up. As of now, i was very excited about the Thursday's NSENIfty action and I was feeling good about Fridays NSENifty's action. But certinly todays actions seems like a weak really. Until we see positive volume-price history in next couple of days, I consider this as a weak really. I would not be surprised if we see market cover the gap this week. I am staying away from this market for now.

Again this seems to be the weak really until proved otherwise by markets action in next couple of days.

SPX key stocks looks weak too. They all allmost opened gap up and closed poorely with out little higher volume but not enough to be excited. I also consider the spx really as a weak really as well.

Next day or two will clear the picture for us about the really. It may be big funds trying to close their position or we may have big funds participation in near future.

Please trade safe with good placed stops.