Will market sustain the bounce???

5 de jun.

NIFTY in upcoming few days

Masterclass assignment done by a student

#Learning is Earning📚🥇

Post these big panics, the probability of a bounce is highly likely. In this image, you can see a graphical view of the number of stocks down 4.5%+ with respective dates. One can check what happened after these big days. Often, a bounce occurs post big panic days.

The big question is: Will the bounce sustain?

My bias is not favorable on the long side for a few weeks. For any move on either side, it is highly likely we are going to pause. The 4th of June was a day filled with 90% of stocks participating with big volumes, which is not a very good sign for small caps. Sector rotation may continue, but the majority of stocks are going to take some time.

#StockMarket #Trading #MarketAnalysis #SectorRotation #SmallCaps