Top 10 stocks of India compiled in the India King's Index is showing greater strength against the other market Indices. This indicates that there can be further up moves, but caution is needed here. We find that many of the sectors have marginally closed in the Red today.
Along with this the top ten index of each sector the 'Life Indices' are showing more weakness in each of the sector that have closed negative today. This is likely to impact strong moves upward. Consumer Service, Industrials and Basic materials can drag the markets down.Utilities, Energy and Telecom show renewed strength.
Telecom Sector is showing more proof by having many of the prominent among it's list like IDEA, RCOM etc., entering the top traded stocks list today.
Along with this the top ten index of each sector the 'Life Indices' are showing more weakness in each of the sector that have closed negative today. This is likely to impact strong moves upward. Consumer Service, Industrials and Basic materials can drag the markets down.Utilities, Energy and Telecom show renewed strength.
Telecom Sector is showing more proof by having many of the prominent among it's list like IDEA, RCOM etc., entering the top traded stocks list today.
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