The stock market is tumbling right now. The bulls are losing grip of the markets in near term. The pattern indicated a strong bull shakeout. The fundamentals driven bear market is a long term bull killer.
The market internals indicate a higher turnover as participation levels rose due to the weakness. The number of trades rose and the average ticket size was higher, indicating a higher selling bias. The capitalization was lower in line with a downtick session.
Things are getting grimmer. The downward bottom is not at sight. According to econometric and analytic models, the Sensex is headed below 2000.
