Hi Adil,I agree.But all along this month they have been stealthily selling and in a rotational way.And thus u see a rotational rally instead a broadbased one.
Thus u see a low volume fall along with low volume rise.
The only positive for me coming out of thi rally is India moving out of influence of Cow and Asian indices.
Now coming on ur buying on dips strategy or accumulating thats precisely what the ops/f2s/large players want and have made ppl see in this rally,so ppl try to catch the falling knife.
Just cut to 12700 situation on sensex before May fall,we had a volatile April hadnt we,and followed by a rally(huge one)post Infosys bonus etc.So beware of the stamping butterfly and flee at first sign of trouble.Deja Vu.
I know nobody likes a party spoiler,but u have gotta call a spade a spade.
I personally believe this rally still has some legs to get ppl(read retail etc)to get euphoric again.And then Boom,comes the sucker punch.
And u can make out what they are doing in Derivatives.
Regards
Amit.