How to tell NSE has bottomed out...

When certain wimps who have been missing in action suddenly reappear.

Yah! Such times dissapoint the stocks gurus because their predictions backfire. They opt to watch from a distance

Nikuhama. He even sold everything in faNtaSEy market.

Currently NSE index is oversold and a bounce is in order. Wait to see if by Friday it closes flat or up. If up, the next 2 - 3 weeks should see the index target 3800 - 3900. Traders should look for oversold blue chips counters to ride the short term bounce. I like MSC, but at below 7 for the next target at 8 - 8.50 resistance.
Scom testing 3.30 - 3.40 should also see a bounce to 4 - 4.20. Large buy volume @3.40. This counter is too oversold. Stanchart chart @210 - 215 should rebound to at least 240. But no volumes, a bit tricky. KCB is coiling up to test 25 - 26. Its still in gains for the year! I mentioned why on some thread, will look for it. Coop bank too should test 17 - 18.50. Equity bank? And many more. Note I'm only scoping fast money chances where a trader is in and out in days.

For those that are dipping in Britak IPO, if NSE is oversold by listing date, this thing will rally more than if the index is neutral. If the index will be at overbuy levels esp above 3900 - 4000, the rally will be short lived. I expect transcentury to ride the bounce to 3900. But that counter will need steely nerves...