Indice NIFTY 50Short
NIFTY : Expecting a sell-off in overall Indian Market
From the low formed in March 2023, Nifty has rallied over 18% and from that in June of 2022 the rally is over 30%.
Although there is no major negative factors effecting the Indian economy like recession or war or political instability, still from a technical view point there is a high probability for a reversal move.
This may be due to profit booking or even the ripple effect of a crash which may happen in US market or FII selling or something else unknown for now.
Market may even continue for a while in the current ascending formation for a few more weeks maybe. But still I do suspect that a crash will be there on the cards within a few months.
Although there is no major negative factors effecting the Indian economy like recession or war or political instability, still from a technical view point there is a high probability for a reversal move.
This may be due to profit booking or even the ripple effect of a crash which may happen in US market or FII selling or something else unknown for now.
Market may even continue for a while in the current ascending formation for a few more weeks maybe. But still I do suspect that a crash will be there on the cards within a few months.
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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.