Renewed buying

To those who do not follow the market closely they may wrongly assume the market performed
badly today just as most wrongly assumed the market performed very well on the last trading day of 2012...Just goes to show how the CI can play havoc with market perception ...all the market did
today was to correct the excessive last minute (or last 5 min) gain recorded on Monday as part
of the window dressing activity...In a way the "depressed" CI throughout the day has actually
helped the performers shine and removed the tendency of a volatile CI in pressuring share prices..

Expectedly the O n G counters led most of the gainers with the possible exception of SKP which
went against the trend on profit taking ...many players are beginning to subscribe to the idea O
n G counters are here to stay and will continue to be hot stocks for 2013..with intermittent climbs
and dips along the way...

Volume has continued to remain low but short term players who do their homework in timing their
purchases and sales well can actually make decent returns on their investments..capital gains of
5 to 10 % can be made in a single day if one is "lucky" ...Low daily volumes can unfortunately be a
bane to counters not in play...Exaggerated falls due to lack of interest can mean shares losing 5 to 10
% a day just on normal sales, contra or otherwise...Thus the key is to be savvy in choice of sector and
counter...if one is not sure then staying out may be the best choice...

Hopefully the next few days bring more counters to the fore and invigorate the lethargic market...We shall see...