The domestic markets are set for a bout of volatility in the next few months. The results season is on. The corporate results were as analysts had expected, but without any major pleasant surprises.So, the impetus required to propel the markets further up did not come. The stock markets look fatigued and exhausted with lack of any triggers to propel them further in the short term. Many analysts were of the opinion that from a long term perspective the stocks are attractively-priced . The contrast in the long-term and short-term view could lead to some up-days and some down-days, creating volatility in the coming weeks. The stock markets are entering a period of sideway consolidation albeit with a downward drift.For the short term, the markets look exhausted and can retrace, giving excellent buying opportunities. For both medium-term and long term investors too, this impending correction or sideway movement could provide an excellent buying opportunity.
No comments:
Post a Comment