Despite headwinds, bulls are not ready to lose control; 5 reasons why

Technical charts suggest the bulls are not ready to give up just yet. Markets can find support at lower levels and move up, provided the news flow does not turn too adverse

The benchmark indices – the S&P BSE Sensex and the Nifty50 – have lost over 1.5 per cent thus far in calendar year 2022 as global headwinds took center stage. Despite the possibility of sooner-than-expected and a more aggressive rate hike by the US Federal Reserve, geopolitical tension between Russia and Ukraine that fueled the rise in Brent crude oil prices to an eight-year high of around $97 a barrel, analysts still are hopeful that the markets will weather the storm.


 
While they