Risk reward appears out of favour, collapse less likely this week says Geojit Financial financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
At least during the last five years, a more deciding factor for the second half of December has been the nature of the lead-up to it. Positive run-ups during the lead period have had corrections or consolidations in the subsequent fortnight, while declines during the lead-up were followed by upswings especially so in the last five years.
Nifty had an enviable run last week, having thwarted multiple attempts by bears and recovering in breathtaking fashion. This run has taken us to the 21K summit, but incidentally, buyers were seen withdrawing post testing this psychological mark. This leads us to suspect that bears have regrouped enough to make a serious dent in the 19,850/800 region, and should it give away, a quick drop to 20,640/560 would be the first outcome