Karnataka Elections Expected to Sway the Markets
The last week has been a mixed bag for the domestic market with no clear trend emerging in the frontline indices. However, a ‘buy on dips’ strategy has been adopted by market participants and all dips have been bought, resulting in the bulls avoiding turning negative. The NSE benchmark Nifty 50 breached its prior trading session on an intra-day basis twice in the last five trading sessions but the bulls managed to avoid closing below it. The market's indecisive nature indicates a bull-bear tussle ahead of the outcome of Karnataka state elections.