Options data predicted the market fall, here's how to pick the bottom
The current fall in the market was seen in the FII derivative data since mid- February when they started unwinding their long position
March 26, 2021 / 09:17 AM IST
Broad indices in the Indian markets have corrected by 7.17 percent after touching an all-time-high level. Nifty50 touched a high of 15431.75 on February 16, 2021, since then has fallen to 14324.9. The second wave of Covid-19 in the country caused panic in the market. On Thursday there was news of a new variant of the virus in the country, which only increased the selling pressure.
As infection rates increased, hot money started leaving the market. For an observant trader,...