Everyone would have an opinion and no one can really say for sure.
My opinion is that this is just a minor blip/ profit booking in a structurally strong bull market.
I won’t call it a reversal of trend unless market goes below previous high of 18900.
I believe there will be some more blips like this but the ultimate destination Nifty is headed to is atleast 24000 in 2024. I have arrived at this approximate number using both fundamental and technical indicators in valuing Nifty. And this rising tide will take all stocks up along with it.
In fact, our portfolios will be much higher by this Diwali in Nov than where we are today!
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