Business Standard

Lack of conviction at higher levels

Technicals

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Vijay Bhambwani Mumbai
 Traded volumes were marginally lower than the 10-day average volumes and the breadth was marginally positive.

 This shows a lack of strong conviction at higher levels as the retail buying is limited to smaller priced stocks.

 The noticeable aspect of the trading session is that the indices are over 6 per cent higher than their 13-day SMAs

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First Published: Aug 22 2003 | 12:00 AM IST

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