I have not traded post lunch. So my morning profits stay as they were. Although the indices made a comeback, BEL was weak. Every uptick got sold into. I could see occasional long green candle with very high volume(100K+). Then within few minutes, it gets sold into. Anyways when you know it is not going up which trader/investor would pump in 12 lakhs and then lose it for the sake of fun? Total volume of shares traded were just 34 lakhs which is one-third of previous day's volume. So no big player buying here today, or atleast there was no impactful buying. However, it is important to note that futures today carried a premium to the share price in the second half of the day. But when the day ended they were at a slight discount. They were at a discount even yesterday. So currently we see weak signs. However this may not mean much, since, on Monday traders would come fresh and forget everything that happened in the previous week.
Regards,
Sridhar Garimella