CRR hike helps stock markets find final bottom, Pre-budget rally likely to start soon !!

Since the markets have bottomed out at 15982 especially on the last trading day and after the announcement of a hike in CRR by the Reserve Bank, the Sensex is unlikely to go below that level except for an unexpected undesired developments. Also, since the reemergence of the uptrend is only after a severe shake out, many investors and bull market operators would have suffered small-t o-huge losses and therefore, would not dare to return to the market so soon. Therefore, the uptrend that may be seen in February, would be restricted to select individual scrips.