With the NSE-ASI closing 0.50% shy of 21,000 last week, a dip below this key resistance point appears imminent. In this sort of scenaro, heavy volumes would signal mass exits, however this does not appear to be the case pointing to cautious accumulation.
At times like this it is always useful to get a little historical encouragement, volumes today are 15x what they were in 2001. In 2006 they were 5x what they were in 2001.The scale of change is significant. The move above 8% by the dividend yield appears to be picking up speed. In a market constantly seeking payouts this must be good news. This is certainly cherry picking season, how will you find them? A premium profile will make it far easier than you will imagine.
The NSE-ASI closed at 21,104.10 -2.2% (-1.7% in the previous week). Volume for the week was a cumulative 0.878 billion shares (0.684 billion shares in the previous week
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