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Short covering from FIIs seems to be over

Markets are posed at interesting levels. The next 3-4 days should decide whether the pullback from 5200 was just a corrective move within a larger downtrend or whether markets have indeed bottomed out and are on their way to 5800-6000 band or maybe even more.

February 17, 2011 / 09:05 AM IST
 
 
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Markets are posed at interesting levels. The next 3-4 days should decide whether the pullback from 5200 was just a corrective move within a larger downtrend or whether markets have indeed bottomed out and are on their way to 5800-6000 band or maybe even more.

First, a word on Anil Ambani is being summoned by the CBI. You can be rest assured, if this news had come last week, there would have been panic/capitulation on the street. However, the market

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