MARKET CRASH JAI BALA

Jai Bala advises caution in the market due to the potential break of critical support at 21,770, emphasizing the importance of monitoring specific bullish names and being ready to act accordingly.

Jai Bala says: “The largecaps are leading from the front. If you look at the smallcaps, we have seen some sort of an exhaustive move. We need confirmation that the midcaps and smallcaps have topped if they drop below the 21st of December low. We sti...

“When the market gets to about 18,500 to 18,400, I will evaluate the market at that point. That will be a decision point for me. It does look like the markets are going to drop below the 2022 low. But at the moment, I will keep that as an evaluator.”

According to Jai Bala, the Indian 10-year yields are set to increase, impacting the negative impact on bond holdings for Indian banks. Bala predicts a short-term pullback around 7.06-7.04%, followed by a sharp hardening of the Indian 10-year yields....

So, that is a positive and a negative. Positive because that shows a lot of bullishness but negative because the markets are overstretched and overdoing it and it breeds a lot of excess optimism

SBI has actually broken down. It should not have traded below 563 and it has traded below it. And it was pretty obvious to me that the move from the March lows was only a corrective move.

Jai Bala says the markets are in a bear grip and there is a lot of downside to work with. The next significant support for the Nifty is about 16,750, but that is going to give way. From a medium-term picture, the market needs to go below the June 20...

"The market is in a decline and multiple sectors are breaking down. Reliance, banks, and IT are leading the way down. IT is on tenterhooks and Nifty IT cannot afford to go much below where it is right now. Multiple sectors are breaking down at this ...

“The trend is firmly down and the nearest important level for me is 17,428 on the Nifty spot. So, if the market sprints to 17,428 not even a close just a print, it will confirm and extinguish all remaining hopes for the bulls that the market is head...

"Definitely cover some portion but do not cover the entire portion because it is difficult to now completely come to the conclusion that we are going to see a huge rise. But definitely leave some part of your short position and at the same time cove...

“Coming to Santa Claus rally or even pre-Budget rally, sometimes the seasonalities get reversed and fail to happen. If markets were to come to 17,500, it may coincide with the pre Budget rally and it could be a weak one this time. I see the markets ...

"Nifty Smallcap 50 and the Nifty Smallcap 250 they are off the all time highs from somewhere between 8% and 21% depending on which index one is looking at. They have already been underperforming and once the heavyweights start dragging the markets l...

“To me, it still looks like a corrective trend and within that, the market is trying to push towards an all-time high. The market is alright as long as it stays above 17,969 as below that, things start to get weakish for the Indian market. But as lo...

“The Indian market is slightly outperforming the world markets and I do not think that it is sustainable.In the extreme short term, market going to go very close to the record highs registered in October 2021 or slightly exceed that. Then it is goin...

“Market experiencing a counter-trend bounce. It is not a change of trend. So far the move from 15,183 has been jockeying back and forth and that is a trademark signal of a counter trend move. So this is not a change of trend; within the downtrend, t...

“I will keep pharma and IT on radar. IT is looking more promising than pharma so on a ranking scale, IT first and then pharma next but pharma needs to confirm from a market perspective on the price charts that it is reversing from there. Nifty Small...

Stock Market Crash | "In the short-term we might see a relief rally, but in the medium-term, the correction is not done yet" says Jai Bala of CashthechaosCorrection isn’t over yet! Jai Bala on market outlook

“This market needs to get somewhere close to 14,000 before we can think of the bull market that started in March 2020 resumeing. So until that point, more pains are ahead but we will have an intermediate bounce one more time which will be a little b...

“This bull market correction in 2022 is likely to last at least for another couple of quarters. We will have intermittent bounces that will make the market volatile. The theme is an overall correction for 2022, but the bull market is intact. When th...