Nifty Consolidating? What's Next?
After a turmoil in the US and Japanese market, the ripple effect led the Indian markets to fall on an average 4% on Monday.
This crash has led to correction of an overvalued market, as per analysts.
The market seems to be at a decent valuation and investors who have missed the opportunity, might enter and join the bandwagon of India's growth story.
Let us look at Nifty50's chart on Daily Timeframe:
Previous support: 23890
a level where price should stay and give a bullish sign: 24211
This crash has led to correction of an overvalued market, as per analysts.
The market seems to be at a decent valuation and investors who have missed the opportunity, might enter and join the bandwagon of India's growth story.
Let us look at Nifty50's chart on Daily Timeframe:
Previous support: 23890
a level where price should stay and give a bullish sign: 24211
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.