Is there correction expected in stock market?

“We expect Nifty to maintain the rhythm of not correcting for more than 9\% observed since May 2020,” ICICI direct said in a report. So far, the benchmark 50-stock Nifty has corrected 6\% from its all-time high of 18,600.

How do you predict whether Nifty will go up or down?

There is a various tools in technical chart to analyze the Nifty and other stocks whether they will go up or down. For the prediction of Nifty, you must need to know technical chart analysis. All traders are using technical chart for their trading.

Is correction expected in Indian stock market?

market correction: Be cautious; 10-15\% correction likely by the end of 2021 or early 2022: Dipan Mehta – The Economic Times.

Can nifty reach 18000?

Technical analysts expect the Nifty to touch 18,000 in the immediate term if it sustains above the 17800-17850 mark. Last week, Nifty gained 1.2\% and closed at record highs on Friday. While the market is overbought, the overall trend remains positive and any declines should be used as a buying opportunity.

How do you know if a stock will go up the next day?

The closing price on a stock can tell you much about the near future. If a stock closes near the top of its range, this indicates that momentum could be upward for the next day.

What is the reason for market fall?

Benchmark indices broke many support levels placed on technical charts. Nervousness on the new coronavirus variant and expectations of the US increasing the pace of tapering has led to recent market weakness, said analysts.

Is zomato a good stock to buy?

The outlook is bullish as penetration of the food delivery business in India is still low but only aggressive investors are advised to hold this stock amid uncertainty about profitability,” said Parth Nyati, Founder, Tradingo.

Why is nifty rising?

Positive economic indicators such as rising manufacturing activity, higher exports and declining fiscal deficit have also contributed to the optimism witnessed in the stock market this week. A rise in goods and services tax collections, signifying higher economic activity, has also boosted stock markets.

Is Indian market in bubble?

It recently overtook France to become the sixth-largest equity market globally in terms of market capitalisation. The feather on the cap was the Sensex going past 60,000 and the Nifty inching close to 18,000. The rally is not a bubble as various factors have contributed to the Indian market’s growth story.