The market continues to exhibit excessive volatility. The Nifty recorded a low of 2860 at 1320 hours. A rally then started, which saw the Index move upto a high of 3005 at 1445 hours. This is a gain of 145 points in 1 hour and 25 minutes. The gain is five percent (5 %) in 85 minutes. This 5% is not for some penny stock, it is for the blue chip Nifty 50. That's not all. The Nifty then proceeded to fall, this time back to 2875, in 25 minutes (at 1510 hours). This is 5% up and 5% down, a 10% move in just two hours - for the Nifty which is considered the barometer of the nation's economic health.
The market is now behaving like a casino. This is worrying ! Such volatility is usually a sign of impending disaster. I hope I am wrong.