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
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.