Índice Nifty 50
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71
I had anticipated a top and currently hold a short position on the index and most of the 50 stocks at 25,200. The market is now approaching the first target of 21,800. Expect a minor bounce in the short term, likely to trap retail investors. However, if the index closes below 21,800, the downward move is likely to accelerate, targeting 19,200.

Additionally, a deeper correction toward 16,900 remains a possibility and should not be ruled out at this stage.

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