N Jayakumar of Prime Securities, in an interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, feels that the market has been discovering newer ways to make tops and bottoms. He also said that people have been preferring commodities more than the stocks which is the classic sign of bottoms getting established.
He further stated, "The last bottom of 5,177 or 5,200 would not get violated." He added, "We have made slightly higher bottoms than the 5,177 levels tested several months ago. We are very close to 1-2% away from a bottom unless something dramatically new emerges in the world." Below is the verbatim transcript of the interview. Also watch the accompanying videos. Q: Does it appear to you that the market is finally close to forming a bottom this time around with the patterns that we have seen for the last few weeks?
A: The markets have been discovering newer ways of making tops and bottoms. At most times, the investors were offered an option of a sharp straight cut vis-
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