Analysts were expecting a technical correction but that was just not coming but finally it seems that political instability might enforce that awaited correction. Currently, at the time of this writing market is down to 11,814 from 12,022 closing on Friday, which counts to a correction of around 200 points. However, we might see some more correction in the coming days as uncertainty regarding politics might continue for few more days. Those who have booked their profits will now be in a position to buy back stocks. However, there should not be any “huge correction” because this is a pure “Cash Market”.
No comments:
Post a Comment