Business Standard

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

bull market, rise, rally, sensex, share
Web Exclusive Premium

Indian Stock Market

Puneet WadhwaAvdhut Bagkar New Delhi / Mumbai
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.

ALSO READ: T20 phase is over for mkts, entering Test phase now: Jyotivardhan Jaipuria
 
While they

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 21 2022 | 12:16 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com