wemitchell wrote an interesting post today on
Here’s a quick excerpt
There is a possibility that markets will re-test its January lows. “There are negative cues from the economic data, lack of confidence among investors, IIP slowdown, and high crude prices. Investors are not rushing in to buy, and fundamentals do not look very positive.”
There has been a sector rotation. “The market has not found clear sector moves.
Markets will remain choppy for the next 3-4 days. “The Nifty is likely to be trade rangebound between 4,600 and 5,300 for the rest of May. The markets may bottom in few days and can provide buying opportunities for investors.

Read the rest of this great post here