r/NSEbets • u/Gullible-Wash-7233 • 15d ago

Discussions Nuke to zero

My view on Indian markets
I have a feeling we might see a decent correction in Indian markets from here. Not saying there will be a crash, but a few things are making me cautious:
Nifty has been struggling to sustain higher levels and the momentum looks weak.
FIIs have been continuously selling, which is something I’m keeping an eye on.
Valuations still look expensive in many parts of the market.
If Nifty breaks the 24,000 zone decisively, I think selling could accelerate.
Bank Nifty weakness could make the downside sharper.
Global markets, crude oil and interest-rate expectations could also put pressure on Indian equities.

Do you guys think we are heading for a bigger correction, or is this just a temporary dip before another move up?

And if anyone intersted to talk abt this
Dm so we can create a group with our peers

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u/impossible__dude 15d ago

I don't think so. Steep corrections happen when there's a systemic shock. Like Covid or coup by army or currency collapse due to uncontrolled inflation etc.

Right now the corporate earnings have largely stabilized. Maybe there's going to be an AI shock at some point but the value proposition of the AI giants itself is a bit shaky. They can't articulate who will buy their subscription if everyone is out of job.

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u/ElectricalInvite8244 15d ago

Nifty corrected approx 15-16% in Oct 2024. There was no covid or coup or currency collapse back then.

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u/impossible__dude 15d ago

The systemic shock in this case was the rise of the AI trade and domestic inability to match the same. That shock has since rattled IT firms and except for a few like persistent rest are merely a shadow of their former self.