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...

The economic signals are getting worse. Beware of relief rallies

When does a bull market turn into a bear market? As the saying goes, “They don’t ring a bell at the peak of a bull market.” The US market is firmly on a downtrend and there is little light at the end of the economic tunnel. One sector after another is slowing down. On 6th February came the signal that the non-manufacturing side...