Stock market is running under a cyclical bear phase and trapped under the bear cycle at present. After a continuous bull phase from 2003 though traders were expecting a sudden correction in the market .Instead it was expected to show extra ordinary fall but trdaers were not prepared for it as most of the investors and as well as the traders were holding all there positions in dps in January 2008 when the market crashed and have yet not recovered and showing a new year low day after day.
Reliance power IPO has a warm welcome and people has given a overwhelm response.Thereby neglecting the fear of correction and thereby the market has trapped all investors.
At intial fall the traders begin averaging there stock but the stock has shown a 50% cut and traders are fade up of averaging there portfolio.Now the investors are finding it difficult to hold on there stocks and have started to drown there holdings to realise there invested value along with minimum profit left out.
Market is expected to reach 10,000 on ground of soaring oil prices , political unstability.At 10 000 index a buy list could be made.