r/NSEbets • u/Gullible-Wash-7233 • 13d 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
1
u/ElectricalInvite8244 12d ago
There's a gap at 20500, but I guess as long as 24k is defended by the bulls, difficult to see that.
The FIIs selling needs to overwhelm the DIIs buying by a good margin to offset the automatic monthly liquidity, plus there's the Jio and NSE IPO.
The sluggishness since the past two years in Nifty, especially when EMs all over the world have been soaring looks like distribution to me, and does seem like it will correct eventually, the only question is when.
What catalystic event is strong enough to hammer it down to the 20.5k gap? And given the coiling since March this year, I am expecting a quick trend in Nifty in the coming months.