“There is too much fear and pessimism in markets, which is reflected in the FPI short positions. A key rule is that markets don’t fall when everybody is bearish. Factors such as easing of interest rates by the US, Europe, China and most countries around the world suggest an easing liquidity situation. Also, India is cutting interest rates and the government is making weekly stimulus announcements. All these are not getting registered as the sentiments are low. But that cannot be permanent,” said Rohit Srivastava, founder and chief strategist, IndiaCharts.
https://www.thehindubusinessline.com/markets/stock-markets/crude-fears-singe-indices-focus-turns-to-fed-move/article29442079.ece