Still it is a big question will nifty touch 1800?Market how much more go down?
Trading Volume is going down.The reason why trade is so listless is because of the two off days, and global markets nowadays being so volatile. We don’t think traders would have wanted to stick their necks out and get caught on the wrong foot when they come back to trade on Thursday. So, market giveaways are the volumes. The last couple of days we have been seeing volumes at Rs 55,000-60,000 crore and now these days we got stuck at Rs 45,000 crore. That is a bigger giveaway than anything else.
Trading Volume is going down.The reason why trade is so listless is because of the two off days, and global markets nowadays being so volatile. We don’t think traders would have wanted to stick their necks out and get caught on the wrong foot when they come back to trade on Thursday. So, market giveaways are the volumes. The last couple of days we have been seeing volumes at Rs 55,000-60,000 crore and now these days we got stuck at Rs 45,000 crore. That is a bigger giveaway than anything else.
From a trading perspective, the Nifty held on to about 2,550 which is perhaps a little bit of a comfort that despite global pressures we have not violated. We are so close to it that one more bad day in the global markets might lead us below that. So, a precarious kind of a close for the Nifty, but you would have expected a lackluster session today in any case.
We think People still wait may be they do their shopping at 20% Lower of Current price in market.
Wait and See should be the current startegy in market.
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