SOME CHEER AMIDST PANIC – Despite the bounce this week, markets continued to display a lot of volatility with unexpected gaps almost everyday. 15700 odd level seems to be a very strong region of support as we have seen several bounces from there in the last 10 months. Whether the bounce we witnessed this week shall continue and end this long downward trend is something that we may only witness upon emergence of positive cues globally. As of now, we still seem to be battling inflation , war uncertainties, upward trajectory in interest rate cycle and a few other factors that have proved to be impediments for an up trend in the markets.
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