Technical Analysis of DSE general index on 23 April 2013 by Karthik Marar.
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DSE 23-4
StockNewsBD.com /23 April — Today we see a “No Demand” Bar. This only reinforces our earlier observation that the weak hands are staying away from the market. This is sure a sign of weakness. When there is no demand, the smart money cannot markup the market effectively. Persistence of no demand would only encourage the smart money to let the market go down. The uncertainty still is persisting.
Most of the stocks which looked strong yesterday were been beaten down today. While some others like BXPHARMA, DSHGARME, GQBALLPEN, MITHUNKNIT, MONNOCERA, NPOLYMAR, PRIMEBANK etc attracted interest. There seems some stock specific rotation going on. In bigger market we see sectoral rotation. The BD market being small we can see more of stock rotation. This makes life more difficult for the retail public. So it would be better to stay away at such time till we get a clearer direction of the market.—– Technical Analyst, Karthik Marar.
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