Is There a Silver Lining Amid the Dark Clouds of Market Uncertainty?

In the past 18 trading sessions, the NSE benchmark Nifty 50 index has dropped around 7.5 per cent from its all-time high. However, what’s more concerning is the pattern during these sessions. Out of the 18 days, the Nifty 50 index managed to close near the day’s high only on three occasions. On the other days, it lost gains from its higher levels, either closing near that particular day’s low or around the midpoint. This pattern suggests that the market has transitioned into a ‘sell on every rally’ mode, where any pullback is being sold into.