Last week, we had said that from the depths of despair rises hope and that there are several indicators now to suggest that we may be witnessing a short-term bottom. In the event, we have, indeed, seen a rally albeit a tepid one. This was also anticipated. As we had said, the market mood is in favour of selling not buying; so this rise will be in fits and starts. It was obvious that the market...
Since market players are resigned to their fate and have stopped looking for a bottom, a short-term bottom may be very near
From the depths of despair rises hope. There are several indicators now to suggest that we may be witnessing a short-term bottom here. Earlier, we had anticipated that the market may find a meaningful short-term bottom around 4,400 in the Nifty and 14,500 in the Sensex....
Volatility Round The Corner ?
Haven’t we had enough of volatility already’? You might ask. Yes, the market has been volatile but has turned directionless over the past few days (at the time of writing this piece). While huge intraday volatility persists, the market is not really going anywhere on a daily-closing basis. Even on a weekly basis, it has hardly budged. This is mainly because...
