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We said, "Bias remains -ve for testing the lower Grey channel and Gap-up of 7th Oct." Down 300 pts initially, Index tested the gap-up area we had marked. The 233-pt recovery in the 2nd half pruned down the net loss to only 90 pts. Maximum damage was seen in Small-Cap Index, which lost 2%. The A/D ratio was negative 1:2.
ICICI direct.com