Jai Bala bullish on medium-term outlook for market

The latest analysis and commentary by stock market guru Jai Bala on what is moving the markets today.

The medium-term outlook for the market is bullish but the short-term is equally poised between a pullback from October-January move and a breakout, he said.

“One needs to take a clue from whatever market is providing. If one looks at market’s fall from 10,985 – it took seven sessions to reach 10,500 but only three sessions to get back to that level. This gives you some indication of bullishness underneath this market,” Jai Bala said.