The Indian stock markets are at a crucial level with the fight between bulls and bears reaching a deciding moment and price level.
The indices Nifty has tried to breach and hold above the psychological significant level of 15,000 a couple of times. Though the former has been achieved but holding above this level has been proving to be difficult for the index.
On the other hand, the markets are already sitting on an extended move in one direction, having been rising almost non-stop in the last one year from March 2020, and thus a reversal of trend to downtrend should not be that surprising.
The coming days will decide if the Indian markets are going up or down.
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Whatever direction is decided for the coming days, one this is for sure that this week, which opens tomorrow in less than nineteen hours, will be highly volatile i.e. the prices are expected to move up and down violently.
One of the reasons posited for higher-than-average volatility is the reduction in the number of working days. Thus, whatever was to be achieved by all participants in five days will have to be done in three days when the market is open in this week.
Fundamental analysis-wise COVID-19 situation in the country combined with global cues are believed to keeping the investors and traders on their toes. American bond yield is believed to have an impact on the Indian markets.