My last post on bubble building has proven true in recent downturn of equity market.Global market has seen a significant downturn and indian market at the same time touched three month low in this sell off ,the holy grail of indian equity market FII has turned heavy seller and the effect was quite visible on the indian market.
Indicators:
The dollar index gone up to 81 due to demand of the dollar and this move has pressurized the commodity in shorter duration,base metal,crude,agro commodity has seen sell off .
however it looks like that fall is going to arrest for some time at least for two month we will be ready one further leg of downturn in may jun 2010.
