We expect the stock markets to be considerably bearish until an end of August.

In May end, the street expectation was for the bull run to continue. However, our prediction was for volatile markets with bearish undertone between June and mid-July. Nifty50 touched a low of 9,448.75 and high of 9913.30, depicting a range of approx. 465 points.

Our penultimate prediction of the bull run between last week of April and end of May despite consolidation between mid-March and April earned 5.2% in approx. 5 weeks.

Regards,
Shefali Sahita, CFA