Analysts, however, caution about growth headwinds in the short- to medium-term. Future market direction will hinge on RBI's monetary policy decisions
A ‘Blue Wave’ could trigger a sharp rally, as those who have hedged their position or are bearish will jump in to cover their short position
Nifty is rising while the Advance-Decline line had turned adverse, indicating weakness
Today was a bad session for the market. For the last few days, the market looked constructive; particularly the broader market. Initially it looked like the market was falling in line with a similar theme for the first half of the day; the Nifty was flat, but a lot of the midcap stocks and smallcaps were doing well.