(Sufin.Com) Can we expect a bounce back?

http://sufin.com/blog/Posted at Sufin.Com

Each and every trading day markets open & close with the surprise note might be in red or could be in blue. I have been talking to many people who are linked to the market either directly or indirectly.

Big Budget is yet to arrive and market have started falling, as per our previous post it was with our expectations. But  every one has suddenly started expecting upside.  I don’t know why?

I think this is could be just a psychology way to predict the market is two different senario.

• Market will Correct: They might be are on extra cash and looking for more cheap stocks.
• Market will go more Upside: Either they have leveraged their position or forget to book profits.

I don’t know what could be the reason for the upside as markets have cross all our down side targets so this is not time to think that market will suddenly start moving on upside without any reason. There has to be good reason as to Why Upside and for down just a Small Hint.

This time Government is fighting with lot of bad factors and these factors could have discounted in the advance and the coming budget must bring some happiness on the face of Every Indian.

We just can hope with finger cross that this budget could be a good one, but typically when we are in need of money  to pay the debts what a budget decider will do? Might bring a tighter budget or might be unchanged one. This time looks like there shall not be major changes in the budget and it could be moderate budget.

Yet the question remains question?

I don’t think so we shall expect any of big bang bounce back, might be some recovery but  Sensex below 16200 and Nifty 4800 would be bad and now market have change the range once again, so one should not expect in a forth night nifty will cross 5300 – 5500 and make new highs before budget and then could bring a correction. I don’t think this will happen at all.

Time is to wake up and face the fact that this temporary bear market in bull phase.

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Sumit Jain

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