New Delhi, Jan. 11 -- Ticker is a weekly newsletter by Vijay L Bhambwani. Subscribe to Mint's newsletters to get them directly in your email inbox.

Dear reader,

Last week, I wrote that the Nifty was in a blue-sky zone, where not much overhead supply was expected. However, routine profit taking was possible. Read last week's article here . This hypothesis did not play out as expected, as negative news triggers emerged to weaken sentiments every single day of the week. US President Donald Trump kept pressuring bullish sentiments for emerging markets. Sentiments were nervous following the US action against Venezuela over the weekend. However, it did not end there.

Trump continued his sabre-rattling and threatened to take similar action ag...