History repeats? Rohit Srivastava sees markets bottoming out soon
market fatigue, particularly for retail traders.
However, Rohit Srivastava, Founder of Strike Money Analytics & Indiacharts, believes the market may be nearing a bottom, based on historical and seasonal trends, as he stated in a discussion on ET Now.
From a historical and seasonal perspective, Srivastava pointed out that markets typically bottom out between February and March, making the current period critical for retail positioning. «Seasonally, if markets peak in September-October, they usually find a bottom around February-March. This year, we may see an earlier turnaround, as everything has happened ahead of schedule compared to previous cycles,» he added.
With the upcoming expiry acting as a potential inflection point, Srivastava believes that position unwinding could trigger fresh buying interest. If retail traders capitulate and exit positions, it could create the conditions for a market reversal. «People give up when boredom sets in, and that is often the point where a reversal starts as traders pile back in,» he stated.
He stated how the upcoming expiry and institutional positioning could determine the next major move for traders.
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