Jotting down the words of a co-trader ….
“Things are without doubt bad in the market. Momentum is on the downside, Breadth is very poor, Volumes are surging, Institutions are shorting big time, Funds are exiting, Liquidity is tightening, global markets are unsupportive, INR is at all time low, CAD is widening, Vix is on the verge of breakout etc etc. If we look at the above statement from another angle, then usually this is what triggers a bottom formation process and then eventually a rally in market.”
A bounceback and maybe even new highs … lets see … if not from here then till where on the downside can Nifty go to ….
Its Now or Never …..