The consolation in slaughtering!

The stock markets can be compared with a battle field- “It is important to kill the rival opponents but it is more important to survive to enjoy the fruits of success”.
The silver lining in the darkness at these times is to get support from the biggies of the street. The RIL and SBI results were better than expected for this quarter can make a seal to the bleeding market. In the present context, I foresee a better come back as the scrips tumbled on low volume and bottom fishing from the institutions may save the markets.
In case Nifty gets support at 4401-03, RIL close above 1881, SBI crosses a high above 1549 then the worst is not as severe as it was pronounced. The tech majors with stood the global tremors, the after effects are even more important to the market. In case they crumble, they simply add fuel to the fire. As a matter of fact many Nifty companies are trading above their best support levels that were intact. The major results of BHEL, RCOM, Tata Steel, Tata Motors…yet to come, can save the indices. A word of caution, the road a head will be clearly visible only when the dust settles/ fog melts.