Are you worried about the Bear Attack in Markets?

Market appears to be near the bottom.

US market is showing signs of improvement. Bulls are waiting for lower rate hikes.

Banks are suffering in US bourses owing to the SVB failure. Spillover effect was felt in India markets.

US bank stocks recovered smartly yesterday. JPM was up over 3%. Bank of America, Wells Fargo, GS, TD, SCHW, BNPQY, HSBC,RY, AXP all closed in green. 

 

In US bourses some of the stocks are readying for take off. TTWO gaming software is one of them.

In last May it acquired Zynga that forced Microsoft to acquire Activision Blizzard.  The main  rival Sony hit back by buying up Washington-based Bungie Games. Sony is ahead of Microsoft in gaming. There’s also a rumour that Sony is in the advanced stage of acquiring TakeTwo but it has been refuted by the Rockstar's game maker TTWO. For me TTWO looks better than Activision Blizzard.

 

Coming back to India, bulls were mesmerised by the bear attack. Bulls need to protect the 17k mark now.

Hope they fight vigorously now to protect the 17k mark. They have meekly surrendered the 18k mark in the last one month.

March has been bad for bulls so far. They need Ashta Choornam to solve the indigestion and to get energy to fight back the bears. 

Let’s watch the game closely.