We were bound to fall today, irrespective of Europe. Signns were all there. Rs was strong but index was under pressure after the early trade. Later Rs also became week opening flood gates. Woh kenge hein na chit bhi meri put bhi meri.
today the activity is not there. Assuming DIIs are selling. FIIs are keeping away from buying unitl now, may be other than to support the markets and if any increased activity is to be seen, it would come after 2:00 - 2:30 is my guess.
cnbc was discussing it just now; the US debt ceiling. The view given is that there would be a last ball boundary and a relief rally then. It is still some weeks away from today ?
The question is if markets have already factored in some percent of this fear ....if yes then how much ....
So if the problem is to escalate to last days , the markets would be jittery . If a resolution is found ealier , markets would do a relief rally.