Nifty 10,025 will be the last level of reliable support for the bull market

Trading through last week has been extremely volatile with daily swings and nervous bursts of selling. This, in fact, has been the global pattern and India has done better than other major markets, even though the indices lost ground. 

It is too early to judge if this is a big trend reversal or merely a short-term correction. The Nifty has lost nearly 5 per cent in this settlement and it has lost over 5 per cent from the all-time high of 11,170 which was recorded in late January. 

Of the three segments of players — Domestic institutions (DIs), retail investors and Foreign