11,000 is the last ray of hope for bulls: Sameet Chavan of Angel Broking

If any sustainable recovery has to happen this week, it should be V-shaped or steep in nature

Terrible week for financial markets, 11,000 last ray of hope

It’s been a week of distress, intimidation and a lot of uncertainties for all equity markets across the globe. Until last week, probably no one had sensed how massive the overall adverse effect of Coronavirus would be. The moment it started spreading rapidly outside China, things became worse and this eventually resulted into a complete meltdown in global markets. For us, we saw some hope of revival on Thursday but Friday’s huge gap down followed by sustained selling poured water on it. Eventually, we concluded by registering the biggest weekly