The Indian stock markets are at a crucial level with thefight between bulls and bears reaching a deciding moment and price level.
The indices Nifty has tried to breach and hold above thepsychological significant level of 15,000 a couple of times. Though the formerhas been achieved but holding above this level has been proving to be difficultfor the index.
On the other hand, the markets are already sitting on anextended move in one direction, having been rising almost non-stop in the lastone year from March 2020, and thus a reversal of trend to downtrend should notbe that surprising.
The coming days will decide if the Indian markets are goingup or down.
Whatever direction is decided for the coming days, one thisis for sure that this week, which opens tomorrow in less than nineteen hours,will be highly volatile i.e. the prices are expected to move up and downviolently.
One of the reasons posited for higher-than-average volatilityis the reduction in the number of working days. Thus, whatever was to beachieved by all participants in five days will have to be done in three dayswhen the market is open in this week.
Fundamental analysis-wise COVID-19 situation in the countrycombined with global cues are believed to keeping the investors and traders ontheir toes. American bond yield is believed to have an impact on the Indianmarkets.