Market crash a part of correction that started in October 2021; Nifty may end below June lows of 15,100: Jai Bala

“Coming to Santa Claus rally or even pre-Budget rally, sometimes the seasonalities get reversed and fail to happen. If markets were to come to 17,500, it may coincide with the pre Budget rally and it could be a weak one this time. I see the markets trending lower in the short term. It could be something like 17,500 to 18,100.”