There is not too much of a build up on the short side for the Nifty Futures, which indicates that you might see a bit of a mix and match kind of a price action, says the independent market expert Kunal Bothra.
Even though we closed the week a little soft, it was a record-making week. What is your analysis of the trend going forward?
The start of the week was quite promising. We had a touch and go moment towards 50,000 in the mid of the week. But we cannot say that was a happy ending for the week. On Friday, we saw it was a shake off for the indices. Many of the market participants who were just rigidly bullish were expecting every kind of a dip; whether it is a 100-point dip on the Nifty or 200-300 points dip on the Bank Nifty, to get bought into. So they were in for a bit of a surprise.