Markets critically poised with imminent correction
By
Arun Kejriwal ( IANS) |
Published on
Sun, Feb 14 2021 16:51 IST |
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BSE Sensex above 50,000 on occasion celebration. Image Source: IANS News
Markets continued to gain ground in the week gone by, but significantly lesser than the previous week. They were up on three of the five trading days and lost on two days. However, on three of the five trading days, markets were sideways and more than sixty per cent of the week s gains came because of Monday alone. This clearly shows that markets seem to be running out of momentum and are seeking a reason to correct. Further there have been many an occasion when they spend their time recovering lost ground during the day. All of this suggests an impending sharp correction sooner than later. When? Is the million-dollar question and I am quite sure the exact date is not yet ascertained. Suffice to say we are there, and it could be just any day hereon.