Higher bottoms suggest limited downside for Nifty: Rohit Srivastava

Speaking to ET Now, Srivastava said that although the Nifty’s movement appears fragile at first glance, there is a slow but steady improvement beneath the surface. “It is unfortunate that we see this kind of Nifty behaviour from the bottom that we saw in early December. Every time there is a two-to-three-day rally, it is sort of given back a lot of the gains over the next four to five days,” he noted. However, he highlighted a key positive trend: the formation of successive higher bottoms.From early Decemb ...