Market Roundup
- Another 500 plus day to downside makes the market action ugly. There is again panic in the atmosphere.
- However the question is how much of bad news is priced in.
- The news coming out is not something new or surprising. There has been a steady down pouring of it, but market has held its previous lows in most cases.
- With fair amount of selling in last few days readings on T2108 are approaching 20 levels, which tend to lead to rebounds.
1 comment:
Monday=panic bottom+rate cut
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