Market: Flat?

These days at Dalal Street, the nerve centre of Indian capitalism, there is hardly any exuberance. The mood among investors on the street is one of withdrawn. It is just 'flat'. When you observe the market these days, you find it up by certain points in one day, but on the very next day it is down by similar points. We have seen it happening day after day in the last couple of months. Call it a market devoid of any action worth its name and directionless. When will the market begin to rise consistently? That is the question that every investor wants an answer for.

Discussing the market mood I think volatility will remain and therefore, the prudent strategy would be to stay away from the market. The proposed strategy proved to be of some good although there has been some marginal upward movement in the Sensex. However, such a move could not offer a definite direction for the market. The extreme volatility levels have created confusion among investors. To say the least the market is jut boring. Because of the volumes being so low everyday you are under the illusion of a huge volatility of 400 points up or 400 points down in the Sensex. But essentially the market is doing nothing.