Avdhut Bagkar

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Despite signs of fatigue, market breadth shows bulls have upper hand

Despite signs of fatigue, market breadth shows bulls have upper hand

Rediff.com18 Jun 2023

The previous two sessions have seen benchmark indices, the BSE Sensex and Nifty presenting signs of fatigue, reaching closer to its all-time highs level. Both indices are down approximately 1 per cent from recent highs and 2 per cent away from reaching a new peak. This has led to confusion on the street about its ability to reach another milestone. The present bullish trend in the leading indices; which has displayed smart recovery since late March this year, remains intact as the market breadth continues to stay elevated.