We had predicted that markets may depict distinctly bearish trend until end of August which was against the overall bullish investor sentiment. Though Nifty50 and BSE Sensex did not correct as much, the overall trend of the market was bearish with Nifty 50 retracing back from all-time high of 10,137.85 to yesterday’s close of 9,917.90.

We now expect markets to witness bullish trend until mid September.

Regards,
Shefali Sahita, CFA