With lots of positive news & daily new turbulence in the Stock Market. The Benchmark Index i.e. Nifty & Sensex both are at the highs. But does this high leads to a new high or it's a hoax. As Considering News Factors -- Markets will be making new high. But on the look of Fundamental patterns -- Higher Inflation, Under-quoting of NPAs by Banks, Fraudulent Activity by Renowned Brokers, Liquidity Crunches in the NBFC & lending Business, Public Strikes/Kiosk/Anger/Fight against Government's CAA, Global Pressure,Loss Making E-commerce business investing in other business and Index trading at the PE of 28 - 30 Levels. But still Indian Market is making new highs...Kind of questionable thing. Thus, with all such factors - Nifty will be correcting very soon.
One can Short Nifty near the levels of 12200-12300. For the targets of 11570 or more for the next year or the coming months. with an SL of 12650-12750 levels.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.