Markets - 5350 on Nifty might hold
While yesterday's session is more of a consolidation move on the Indices, we do expect if there is a bounce of more than 100-150 points on Nifty the current downtrend is more or less done with. Investors should wait for confirmation before jumping the gun.
Yesterday's trade witnessed bloodbath in some of the counters. The tendency of stocks especially midcap and smallcap stocks during downturn to panic even on a minor news that really impacts the business is pretty natural.
Second half of February might bring back cheers to investors.
Bulls......Will be there..........But Only Above.............5410