One More Big Correction

In current nifty fall, largecap stocks shown more fall in comparison to small cap stocks. So IMO, small cap stocks are better option both in condions of bounce or continuation of selling.
If bounce comes, largecap may perform better than small cap, but if selling continues than largecap likely perform worse in comparison to small and midcap as largecap already showed more weakness while smallcap being strong. So Imo small and midcap seems better option.

Another consideration is FII’s hold major stake in largecap stocks while DII’s and retailers are the once who take major stake in smallcap. DIIs and retailers are keep money pouring, so if FIIs continuous selling, than it will be largecap, getting more affected.

Thanks for your view. I have a totally different view. I would prefer large caps over small caps. Less risk, less return. I am basically a nifty person. May not even see much beyond that.

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May be you will never. :face_with_hand_over_mouth: Even I don’t. :love_you_gesture:

Can You elaborate the case!!

The reason may be the longest Bull Run on Indian Indices Probably after 2008 there is no proper Bear Market happened , so i think most of the people are Bullish only.

Yep, that’s your expertise, I however try to involve my hands in many markets, and currently crypto market, especially after the victory of trump, bitcoin is skyrocketing crazy, people those invested in recent week should have made some serious returns while we discussing the the correction of our indian market :smiley:.

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The case is, as you previously commented, I’m sure in hindsight it was not something you were looking at, but you said the correction is due to the anticipated Israel-Iran war. Obviously, when there is retaliation from Israel there will be changes, but I don’t think the correction is due to the anticipate war.

I’ve long been expecting Nifty to go near the 20k mark, simply because there’s a huge gap left (20291 - 20507, 4th Dec).

While not really a huge believer/follower of technical analysis, if this stays unfilled, it’d be the first time that Nifty has left such a huge area (1%) without visiting even once in its history.

Thought it might happen during the Election result day, but it didn’t. Even now, Nifty would have to fall roughly 14% from the current level.

I do follow TA but i never in ti=o gap filling thing theory , but certainly recurring patterns are there

Yes that was my observation and anticipation , there are 2 wars are going on , so its adding , After going through Nifty patterns , corrections on Indices will continue it may be a Bear market thing , one more thing for me to feel Bear Market on Indices is that my long Nifty PUT options turned in to Green, And also people starts talking about Bear Market after 6months of the start of the Bear Market ,and it intensifies later ,History repeats :slightly_smiling_face:


Nifty was trying to bounce back from the oversold level near 23300 level , Today if 23300 level breaks , i think its a shorting opportunity even in Nifty oversold level :thinking: and Market is slowly breaking the confidence of Retail traders/Investors


Today’s Market action is of Classic Bear Market

I wonder who all captured both the starting up move and the down move at the end today🍀

A gambler can capture😂


I was expected bounce back on Nifty level of 24100 to 24300 , but after yesterday’s market Data , shows , now DII’s are started selling , a kind of Distribution is happening , whenever DIIs sells , Market corrects more compared to fIIs , Again i am thinking that , Nifty breaks down 24100 and close below it , its a shorting opportunity :thinking:

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What app are you using to get this data? TV ?

I use many sources to check , but normally check Money control , here is the link for you

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Don;t know whether the rally on Nifty 50 is due to forth coming budget session , but i think the correction is over for the Nifty , only the Hurdle for the Nifty is the level of 24700,
After checking Nifty ,chart and Nifty leaders like Reliance & HDFC Bank , Possibly market has bottomed out



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I Was turned bullish on Nifty , but today’s market action , turned on some kind of Panic in the market , i think it may be due the news about New Virus issue in China
Going forward ,it seems Market will be very volatile

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Nifty below 23k soon?