Nifty 23641 by May '25
With the markets soaring due to huge influx from domestic and international investors in India as India is seen as the new powerhouse economy of the world and also new people constantly joining the race to make a buck for themselves, the demand drives the market to new high every month in 2024!
The unnatural returns forces the common man to believe that every stock they invest in will go up and will shell out a handsome price in just a few months or years leading to FoMo and forcing new investors to get their money into the system and try to take a bite of the pie.
The Indian markets have weathered the test of time and have been flourishing despite of other factors, which indeed is a great thing for the economy, but every now and then it is also important to take a breather stay back and continue the journey ahead!
A healthy correction is needed at times to test the tides and to affirm the strength of the system, counting on the same idea the hypothesis on a approximate 10% to12% correction from current 26k levels wouldn't be a bad idea.
In such a case it would rather be interesting to see what levels the markets can sustain and if it holds and bounces back from the same! This would be the confidence needed for investors to make them believe the growth is sustained and we can power through the hard times making our economy a true powerhouse in the world.
levels to watch out are 23641
The unnatural returns forces the common man to believe that every stock they invest in will go up and will shell out a handsome price in just a few months or years leading to FoMo and forcing new investors to get their money into the system and try to take a bite of the pie.
The Indian markets have weathered the test of time and have been flourishing despite of other factors, which indeed is a great thing for the economy, but every now and then it is also important to take a breather stay back and continue the journey ahead!
A healthy correction is needed at times to test the tides and to affirm the strength of the system, counting on the same idea the hypothesis on a approximate 10% to12% correction from current 26k levels wouldn't be a bad idea.
In such a case it would rather be interesting to see what levels the markets can sustain and if it holds and bounces back from the same! This would be the confidence needed for investors to make them believe the growth is sustained and we can power through the hard times making our economy a true powerhouse in the world.
levels to watch out are 23641
Komentar
this is not a stock advice and any views expressed are for educational purposes only.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.