The Indian equity markets have been in an declining trend since October 2021 after the key benchmark indices recorded historic peaks. Both, the BSE Sensex and the Nifty50, have shed nearly 15 per cent so far from their respective peaks and are currently exhibiting extremely negative sentiment.
Recently, market volatility has risen sharply thus making it all the more difficult for traders to wade through such a difficult phase. On most days, there are gap-ups and gap downs with an unpredictable recovery or reversals.
Surprisingly, widely known stocks in the Nifty500 index like Wipro, Punjab National Bank, Steel Authority of