Overview of Indian Stock Market

"Indian Stock Market"

According to a market analyst, "India is going to underperform in world market".

Indian markets are at a very critical position.Yesterday was complete panic, because stocks fell and there was total chaos in the market. Market was quite oversold . And that will be quite serious trouble. 

Many of  long-term momentum, rolled over to the downside, this shows India will underperform the rest of world for quite some time.

All the market indices : Sensex and Nifty will be affected in this kind of juncture.

Yesterday was really a bad day for the midcap with shades of panic and surrender type of situation. 

You at least begin to hope that even if the market has to fall lower later for now maybe its getting overdone and you should see some kind of stabilization creeping in because yesterday stocks had just no bottom. So the kind of panic we saw yesterday probably means that if not today but sometime in the next few days if it continues, we probably will hit some kind of an intermediate near-term bottom at least.     

Being optimistic, it could have a bounce from here. But at the same time, if it doesn’t, it’s going to cross some very important moving averages on the downside .