The fact that the market could not sustain the early gains on the back of positive global ques in yesterday’s trading points out to somewhat bearish outlook in the near term. However the one big comfort factor is ample amount of caution amongst the market participants. Nearly all big portfolios – institutional or retail are either flush with liquidity or sufficiently hedged. Due to this significant correction still seems far away and dips present buying opportunities for traders and short term investors.The fact that the market could not sustain the early gains on the back of positive global ques in yesterday’s trading points out to somewhat bearish outlook in the near term. However the one big comfort factor is ample amount of caution amongst the market participants. Nearly all big portfolios – institutional or retail are either flush with liquidity or sufficiently hedged. Due to this significant correction still seems far away and dips present buying opportunities for traders and short term investors.
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