After peaking out on jan 29th, NIFTY is tumbling down, puling down a whole range of stocks with its strong gravity. But ther are a few who seems to disobey the Netows laws of gravity. The 5 stocks whose names can be seen on the top right took a turn against nifty from March 7th. After falling along with the nifty all feb, , its seems that these stocks were bottomed out. Everytime the nifty makes a small lower high, these stocks jumps in leaps n bounds.
Second set of 3 stocks didnt quite seem to feel the heat of the nifty at all,as they maintained the upward rally in the red Feb too
FIIs are said to be the net buyers in all of march. Are they buying low?
Bro Unable to Understand Why you took AshokLEY as base for this analysis.
Einstein15
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@SirishSahoo, Coz i was looking at the Ashokley chart , jut to realise that it wasnt affected by nifty at all , then i started adding other scrips on top and made the idea. But i forgot to add AshokeLey in the second part where it the scrips rallied up right from FEB.