I am also having the same problem.
According to my investigation, there are several.
1) Overall P/E ratio is bit higher. (At present the Price Earning ratio (P/E ratio) is high as it is calculated based results of March last year. However, the analysts expect that the P/E ratio will be below 20 by March.)
2) CSE is getting more and more IPOs in this year (SEC believe they can control the Bullish behavior of the market for some far, with this IPOs)
3) Middle East crisis.
a. Since this will directly impact with the oil price, it will be a big negative point for investors.
b. Considerable amount of export business are related with Middle East.
4) Most of the investors have taken a huge profit with last set of rally’s
I assume due to the above reasons, foreign investors are trying to play the safe game. So they start selling.
When they are selling, prices can go down some amount.
With this down tern, local panic sellers start their game. This will mess up everything.
And also with the credit clearance policy this will get more complicated. Due to this policy and the market down turn, the strong investors who do not get panic, have to get panic unfortunately
So no idea until when it continues.