There is a view going on that, the market is finding it difficult to fall and consolidation within bull phases tend to be boring. However, a bull phase that almost borders euphoria while the ground situation continues to be gloomy isn't very comforting & corrections within 'consolidation' can be lethal and crippling. Sooner than later, this consolidation phase will give way to a deeper correction in the indices. We continue to focus on the ample stock-specific opportunities.
Those who are patiently holding their NIFTY short positions will be amply rewarded closer to the November expiry.