“The market technicals suggest that the Nifty has held out very well post the bottom that was formed in June’22. In Sept’22 while the S&P 500 was down ~9%, the Nifty lost just around 3%. Considering that the US market is in a bounce-back mode at present, we could continue to see outperformance from the Nifty in the current month of October’22.”
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