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Will Nifty go for correction?

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Will Nifty go for correction?

According to Jai Bala, the Nifty seems to be on a correction from 17,450 to 17,325, and the pace of the move is signalling that this is possibly just a correction. “We don’t want to see the markets drop below 17,300, and as long as the market doesn’t go to beyond that this is still a correction,” Jai Bala said.

How much correction is expected in Nifty?

Expect minimum 10\% correction in Sensex & Nifty; be cautious for next few months: Dipan Mehta.

What will be the trend of Nifty today?

NIFTY TREND TODAY- 8.45 AM- – Nifty today (spot) 1 Day Technical chart pattern indicating Nifty couldn’t sustain 61.8\% false level and closed below 38.2\% false level so clearly trend changed. So Nifty today may open gap down near 17269 and may test 17200 in down trend. Break down point is near 17187.

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Can Nifty be predicted?

It is always hard to make stock predictions for the next 5 years, leave alone making stock market predictions for the next 20 years. We are therefore not trying to predict the level of the Nifty or the Sensex for the next 20 years.

When correction is expected in stock market?

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

How Nifty is calculated?

NIFTY 50 indices are computed based on a float-adjusted and market capitalisation weighted method. In this method, the level of index demonstrates the aggregate market value of stocks present in the index in a specific base period.

How can I get Nifty 50 index in Zerodha?

To add NIFTY options to the market watch – type in [NIFTY]- followed by a space – then type in the [strike price] followed by CE or PE. You’ll see the drop down of weekly and monthly options at that strike price. You can select the ones you want. The same process is applicable to add Banknifty options as well.

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Can we buy nifty for long term?

No, it is not possible to buy Nifty 50. This is because Nifty is not one stock but an index that comprises 50 different stocks. You can, however, invest in Nifty exchange traded funds (ETFs) or index funds to be a part of the growth story that’s playing out in the indices.

What are the next higher levels to watch on Nifty50?

Rajesh Palviya of Axis Securities says the next higher levels to be watched on the NIfty50 are around 17,550 levels. Any sustainable move above 17,550 levels may cause momentum towards 17,600-17,700 levels, he adds. The Sensex and the Nifty ended at record closing highs, supported by across-the-board buying.

What could be the next strong support for the Nifty?

For Nifty, 17,250-17,200 zone would act as strong support with bias likely to remain in favour of bulls, said Shitij Gandhi of SMC Global Securities. The market witnessed across-the-board buying.

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Is nifty getting tired at new highs?

Nagaraj Shetti of HDFC Securities said that although Nifty is placed at the new highs, still there is no indication of any tiredness or reversal pattern at the highs. Sensex hit the fresh all-time high of 59,204 in intraday trade while Nifty made a fresh peak of 17,644.

What is the forecast for August 2021 for the NIFTY 50?

August 29, 2021. NIFTY 50 Prediction For Tomorrow, Week And Month. NIFTY prediction by day. NIFTY forecast on Monday, August, 30: index value 16774, maximum 17109, minimum 16439. NIFTY predictions on Tuesday, August, 31: index value 16776, maximum 17112, minimum 16440.

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