No real panic | stockbee


No real panic

We're not seeing capitulation. We are likely to see dip buying. There is no real panic in this market. So this is unlikely to be ultimate bottom. A sheer panic kind of action is buyable. This action is not panicky. Again and again buyers in this market have jumped to buy weakness. So a reflex bounce is a possibility here. The pain might continue longer in absence of more fear and panic.

1 comment:

Dhiren said...

I thought we had a 97% down day yesterday across all exchanges. VIX picked up and edged higher in quite many years. Volume surged. Would you still not view yesterday's action as panic?