Look at the time line 18th Sept onwards USDINR started depreciating and making new all time low, that day market rally halted and we saw fresh downside there onwards.
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Only Positional Community
Major reason behind fall, is USDINR hitting all time low, USDINR has inverse relationship with market if this keeps heading up, market won't be able to head higher.
Once this cools down, we will enter again rally upside.
NIFTY is likely to see another 1–2% decline from current levels. Similarly, NIFTY 500 could also fall by 1–2%. However, since our portfolio is largely concentrated in the small- and mid-cap space, focusing solely on NIFTY movements may not give the complete picture.
At present, a 1–2% correction looks likely, but if the market fails to sustain after that, we could see a deeper correction setting in. In particular, the mid- and small-cap segments remain vulnerable, with the potential to decline by another 6–7% as a key gap in the charts is still pending to be filled.
At present, a 1–2% correction looks likely, but if the market fails to sustain after that, we could see a deeper correction setting in. In particular, the mid- and small-cap segments remain vulnerable, with the potential to decline by another 6–7% as a key gap in the charts is still pending to be filled.
Only Positional Community
NIFTY is likely to see another 1–2% decline from current levels. Similarly, NIFTY 500 could also fall by 1–2%. However, since our portfolio is largely concentrated in the small- and mid-cap space, focusing solely on NIFTY movements may not give the complete…
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Again markets are weak, it will remain weak till USDINR gets depreciating.
USDINR no signs of reversal yet, we will move once USDINR reverses.