Markets look like are waiting for a bullish trigger, and will continue to slid till then.....
The trigger can be -
Global relief (Unlikely to be predicted)
Rate Cut by RBI (May be)
Good pick up in earnings, majority earnings are done for this quarter, so looks like this factor will be played only after the Q1FY2015-16 gets over in June....
Till then market seems to be following a wide rage with crucial supports near 7800-8000 and hurdles on top near 8500-8650-9000
Cheers
Hrishi
The trigger can be -
Global relief (Unlikely to be predicted)
Rate Cut by RBI (May be)
Good pick up in earnings, majority earnings are done for this quarter, so looks like this factor will be played only after the Q1FY2015-16 gets over in June....
Till then market seems to be following a wide rage with crucial supports near 7800-8000 and hurdles on top near 8500-8650-9000
Cheers
Hrishi
