So, When will the Bulls Charge?

The decline in the last three trading sessions has taken the wind out of the bulls’ sails with prices falling amid high volatility. With this, NSE Nifty 50 index closed below its 100-DMA. Market participants were slightly lulled by positive global sentiment and strong closing on the first trading session of the week and so were caught off-guard by the consistency of the decline that occurred. To rub salt into the wounds of market participants is the fact that the domestic markets have underperformed the US’ stock markets from the beginning of this year, which otherwise were seen outperforming the global peers hands down in 2022.