Indeks Nifty 50
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Nifty correction

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My thoughts using simple supply and demand principles for judging the reasons why there was a broader market correction today spanning all the sectors. Some demand levels are marked but I think we have entered a no trend zone in a very short timeframe although the uptrend still remains intact at a bigger timeframe. Index traders need to be cautious, can go for selective stock bets still.
Combining with the fact that India Vix spiked, global futures were not doing well.

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