Bulls Retreat

Bulls Retreat Nishtar THE tide has turned. The stock market bulb who had been dominating the scens for a long while are on the retreat. With rare exceptions, the previous weekend highs have not been seen again. Post- Budget gains have disappeared all too quickly and net changes over the week show sizeable losses all-round. Only a few counters have managed to hold firm due to special considerations. With its technical position rendered highly vulnerable by heavy short covering under the exciting spell of pre-Budget optimism, corrective profit-taking could not be absorbed without causing a big dent in prices.