Has the Sensex found its Support Base?
During the recent West Asia escalation, the Sensex witnessed a severe bloodbath, tracking sub-1,000 point intraday drops down to 75k.
Once ceasefire started it was range bound between 73k-75k refusing to crack further.
Interestingly now even when ceasefire is broken it didn't crack the 1000point drops to fall below 73k.
Is it digesting the geopolitical risk?
Is this the support base for sensex at 73-75k.
Anything more than this is costly.
Anything less than this is cheap at this moment.