There is a whole theory of index being managed (sort of conspiracy theory) doing the rounds, even among the learned circles. Personally I don’t give too much importance to these kind of theories. I don’t know whether there is any truth to it or not, neither do I care. I mainly focus on companies I am invested in and hence am not too worried about these kind of stuff. Broadly if the trend is up with a few days of correction I am okay with my views on markets.
Aside from this index management aspect, heavyweight banks, heavyweight PSUs like NTPC, maybe a couple of big pharma and auto names could pitch in to support index. IT index as of now seems weak, though I feel stocks like TCS need to be watched for any sign of reversal.
@prav.br I don’t track Cantabil ( I hope that is the correct spelling of the company) so no idea about it…
@hitusohi1 I don’t track indiamart.
@Moiz_Engineer I don’t track Stylam.
@pravinamirth You can look at the 52 weeks high thread and other technical analysis threads on VP for companies showing good momentum.
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