Nifty today tested posted a loss of 40 points on the board.the overall market breadth was negative with 461 advances to 1013 declines.Going further the currency crunch came as an addition to the woes.Markets currently are in a state of great indecisiveness,sentiments dampen and rising global uncertainty.the overall outlook of the market looks bearish,surely it would not come in a straight line ,but will occur as a result of series of events.
In view of the expiry choppiness in markets was expected.Moreover markets did not had a healthy earnings season this quarter,hence expected to cast its shadows in coming quarter.Nowhere the markets are in line with the expectation ,in such circumstances we need to offer markets some leeway.Let the market decide where and how it wants to go,our job is to just follow it.
Well i would like bring to your notice that the month of may has always been expected,our markets have posted a alternative rise and fall every year,but past last three years MAY month has broken its pattern and deviated towards negative .This could be a possible indication that by August - September we might experience a new low in the markets.Most of the factors are favoring the bears in the short term ,we need to just wait and watch
The markets are showing typical bear markets characteristics,hence shorts at higher level can be bet upon,follow the markets and take positions accordingly,alternating your positions according to your capitalization will help you to let your profits run and cut losses.Moreover the rupee is feared to depreciate further
In view of the expiry choppiness in markets was expected.Moreover markets did not had a healthy earnings season this quarter,hence expected to cast its shadows in coming quarter.Nowhere the markets are in line with the expectation ,in such circumstances we need to offer markets some leeway.Let the market decide where and how it wants to go,our job is to just follow it.
Well i would like bring to your notice that the month of may has always been expected,our markets have posted a alternative rise and fall every year,but past last three years MAY month has broken its pattern and deviated towards negative .This could be a possible indication that by August - September we might experience a new low in the markets.Most of the factors are favoring the bears in the short term ,we need to just wait and watch
The markets are showing typical bear markets characteristics,hence shorts at higher level can be bet upon,follow the markets and take positions accordingly,alternating your positions according to your capitalization will help you to let your profits run and cut losses.Moreover the rupee is feared to depreciate further
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