Nifty -Short to Medium Term Expectation
Short Term - Green Zone is important resistance zone for upside…if Nifty does not cross above 17430, we might follow this path . The skyblue lines can be likely the likely route.
Medium Term : Check the purple lines.
Long Term.…let’s review after 2 months whether we stop here or go to near to pre-Covid levels.
Historically Bear markets last 18 to 20 months in India . If we count from Oct 21, already 11 months are over. So best case scnario for bear market to end is April, 23.
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