Mar 10, 2012 04:48 PM IST | Source: Moneycontrol.com

Week before the Budget, does market momentum favour bulls?

The market is weird. Every time one guy sells, another one buys, and they both think they're smart.

The market is weird. Every time one guy sells, another one buys, and they both think they're smart.

Are you one of them?

Buying interest in rate sensitives and short covering saw the Sensex put up a stellar performance as the BSE benchmark advanced 357.72 points or 2.09%, to close at 17,503 while the NSE benchmark gained 113.10 points or 2.17% to close at 5,333 for the week.

Given that the Sensex has scaled past the 17,500 level, Sudarshan Sukhani of s2analytics.com says the signs show the correction is done with and the uptrend has resumed.

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