Big Picture analysis of the markets for 7th Aug 2020. All indicators show signs that Bulls are on their way back to the way back to the markets. Market gets into neutral zone, which shows that, caution is the need of the hour for trend followers. Mean reversion systems to work perfectly well in non-trending zone.
Why this correction? Re-categorization by MF’s brings divergence between Mid Caps & Large Caps, closing in of the divergence with triggers from Currency depreciation, Crude Oil price increase along with IL&FS, DHFL debt crisis brings steep correction to the markets. How long it will last? We are close to...