There will be many ifs and buts – and a high volatility quotient – when a market is in its initial phase of correction, especially a correction caused by a mix of many reasons. We will only know a bottom has been formed much after it has been formed. And anyone who claims they know when and where the bottom will be formed will most likely be proven wrong. So, rather than thinking about where the Nifty or the Sensex will be at the end of this phase of correction, focus on what to look for in the midst of the volatility.
