One More Big Correction

I am curious about the coming big correction , i feel the Market correction on Vote counting day was nothing but a volatility and a pull back afterwards, After watching chart patterns and geopolitical issues , i think we are going to see a big Stock market correction , i may be wrong , Curious to know other Trading Q&A members opinion .

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Every dip is getting bought into , surely the momentum has slowed . I don’t think it will correct , at least there is no trigger. Everything looks rosy . And falls like the election day surely will get bought into, sharp fall = sharp rise.
Some news channels are saying that the corrections are not even 10% nowadays. Nifty falls 5 % , #Sockmarketcrash starts trending on twitter .
Technically Nifty is not even touching the 200dma on a daily candle (even after the crash on 4th june ), its been more than a year. forget MIdcap and Smallcap

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yes 20200 - 19800 ish.

edit: before that i think there might be another sharp upmove possibily another swing, a trap where people would get in.

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well market reacted to the election result , from last January market was highly volatile and factored the election outcome , I traded in Canara bank on Election result day made some money , and continue to do that . But now looking at the American Presidential election , There is a possibility of Trump coming back as a president , and Europeans don’t want to happen that , so NATO countries escalating Russia Ukraine war in to a much more dangerous level , i think this dangerous situation affect Indian stock market too

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I am with you.

Disclosure: started accumulating long term puts. :love_you_gesture:

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Well i bought DEC2024 PUT & CE for Election Result day , excited CE in profit on Exit poll day , carrying forward DEC2024 PUts

I am also with Dec puts.

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What Do You mean by geopolitical issues ?

Research about Yield curve Inversion and Uninversion.
Historically Recessions start when yield curve uninverts.

But there are no guarantees of anything.

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what i think about it that , specially about Ukraine Russia war , day by day it reaching a more dangerous level , for the first time, Russia notified USA as its enemy state and Europeans are more interested in escalating war and also there is a probability of China’s attack on Taiwan.

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Yes i also think the same point, the social media rumours of world war 3, although the point got true day by day, i also think about india to join with their alias in these war .

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