Market's do not trend all the time. After a strong trend in either direction, the market goes into consolidation mode where it chops between a range for weeks to months trapping both sides.
It is best to sit on the sidelines as getting the direction right in such a situation doesn't provide the best risk:reward
Just a week before the Union Budget, the market sold off sharply. Everyday DII's & FII's started selling huge quantities.
This made the overall market sentiment very bearish.
Everyone started going short and the sentiment suddenly shifted to positive. This lead to a short-squeeze.
