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Bears are not in a position to give up their game fully since February barring few sessions, as the market fell 10 percent from its record high hit on January 29, 2018.
In fact, it has turned negative after Budget 2018, hitting fresh lows of the calendar year. Trend has been so negative-to-volatile that buyers strength has been declining day after day.
Everyone on the Street agreed that correction was long overdue after one-sided 35 percent rally from 2017 till January 2018.
There are several reasons that pulled down the Nifty by more than 1,100 points in one and half months.
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