Buying at lower levels has led to a nice rally over the past two trading sessions. Rally is likely to continue for the next few days on the back of short covering Too early to say whether a bottom is in place, however some buying seems to be constantly emerging at lower levels for the time being. Selling at higher levels is also very likely given the way the whole economic outlook is positioned. So a range bound market is likely to persist for some time going forward. Use the upside momentum to increase liquidity in your portfolio if you are an active investor or trader. Passive investors may stay put and wait for declines before resuming fresh buying.
No comments:
Post a Comment