[🏅@Shubhanshu][POLL][2026-05-12]Where will NIFTY close this expiry?

Trading
1

NIFTY closed at 23380. Closest option available was at 23500 chosen correctly by

Note: Votes can be made and changed until 2026-05-12 9:15AM. However, highly coveted rank badges are awarded on first vote first rank basis.

Where do you expect NIFTY to close?
  • 23500
  • 23600
  • 23700
  • 23800
  • 23900
  • 24000
  • 24100
  • 24200
  • 24300
  • 24400
  • 24500
  • 24600
  • 24700
  • 24800
  • 24900
0 voters
Who are you now?
  • :ox:
  • :bear:
  • :kangaroo:
0 voters

Previous poll: [🏅@Anandmitra ][POLL][2026-05-05]Where will NIFTY close this expiry?

Next poll:

2

Final call!

3

@Jason_Castelino current nifty situation , please tell me the target for dec

Nandamuri Balakrishna Vipin Ayilam GIF

4

I am glad you came. So tomorrow we will go up again.hehehe.

Who am I to give targets man. Anyways. My Fy27 target is still at 28k.

Also I am happy with this dip in the last 2 days. I had brought down my equity exposure at 24300. Now added back all of it.

1 Like
5

iam also buy heavily in MF

i am holding 4 mutual fund only

1-tata money market

Capture
Capture1218×689 61.6 KB

2- quant multi asset
3- whiteoak midcap
4-invesco small cap

trying to reach 1 crore in 6 years hope

current XIRR is 14.5%

Capture
Capture1060×162 11.3 KB

6

I wouldn’t mind another 3 to 4 percent dip. Not more than that for now. :joy:

7

Nifty broke previous swing low of 23550 and now inside the gap. Will it close above the swing low?

1 Like
9

Not predicting , my assumption , Nifty almost reached 1st Red Horizontal line in the chart , expecting to reach next Red Horizontal line :slightly_smiling_face:

nifty
nifty1002×442 8.49 KB

1 Like
10

Congrats!

Thank you all for participating!

1 Like
11

That would be 21700/800 right?

12

Not predicting but the levels are anybody’s guess

13

Within Timeframe?

14

@Jason_Castelino ,

For normal investors like me, this move feels like the market direction is changing. My previous major near-bottom accumulation zone was around the 21K–23K area, and markets often revisit those levels during weak phases. But this time, I may have to accept lower levels instead of expecting strong accumulation there.

This looks more like a gradual trend change . Rising oil prices are already putting pressure on the Indian construction industry, transportation and material costs are increasing, and overall economic sentiment is slowing down.
Construction - The promised quoted project estimates vanishing due to ,material and labour increase

  • Migrant work force are migrating back to own state due to food supply , lower projects
  • Diesel cost increase (if happened) directly affects everything from JCB work to cement transport.
  • Builders are already facing higher labour and raw material costs, so new projects and existing may slow down.
  • Small contractors are becoming careful with new work because payment cycles are getting slower.
  • House construction budgets are going above original estimates, so many families are delaying finishing works and interior plans.
  • Steel, cement, sand and transport rate fluctuations are making cost calculation difficult even for small projects.
  • Many people are now preferring to hold cash instead of taking bigger financial risks.
  • Ground-level business activity feels slower compared like Hotels , restaurants , resort (tourism)
  • Petrol or diesel price increase may start the rise all our day to day expense like Food , travel etc

IT is one of the biggest income sources for working people outside government jobs.IT sector growth created spending power across housing, vehicles and retail. Any slowdown there can slowly affect the overall economy at ground level too.

  • Anthropic planning AI-driven service models has already started discussions in forums like Team-BHP about long-term impact on IT jobs and consulting work. refer https://www.team-bhp.com/forum/shifting-gears/308174-anthropic-launch-ai-service-firm-threat-consulting-services.html . Anthropic + Blackrock and goldman sachs
    refer : https://www.anthropic.com/news/enterprise-ai-services-company
  • High-end vehicle purchases, premium apartment demand and luxury spending in cities are heavily supported by IT salaries and bonuses.
  • Many families now depend IT income for home loans, car loans and education expenses, so even slower increments can change spending behaviour.
  • Startup hiring is also becoming more selective compared to the aggressive expansion phase seen earlier.
  • Companies are increasingly expecting employees to use AI tools to improve productivity instead of expanding teams rapidly.

Some good signs I can currently see from Kerala

  • Land purchase enquiries and registrations seem to be increasing in many areas.
  • Majority buyers appear to be Gulf-working families and business people looking to secure a safer long-term asset back home.
  • Weakening INR is also giving better buying power for people earning in Gulf currencies.
  • Some brokers are saying a few people are now selling gold and moving money into land purchases, whereas earlier many were selling land to buy gold
1 Like
15

If you bought gold and silver after Govt said not to, instant 15% gain today.

16

Are you sure? You still have 20 mins to change your statement. :joy::joy:

1 Like
17

Opps. Time out. And guess what? It’s not 15percent. :hugs:

1 Like
18

Next time nobody will listen to him and he will say not to vote for him.

3 Likes
19

If 21700 had to come, it would have come in March
Now not possible.

1 Like
20

So close yet so far. But we are making new swing lows even when the global markets are hitting ATHs. So it still looks possible, but this time we might go even lower because of time taken.

Looking at bond market, we might also be in for a multi year bear market.

21

Bro Nifty doesn’t break 200 Week Moving Average, unless it’s a big crash like COVID or 2008 recession.

Currently 200 Week Moving Average is at 22000 level.

So going below 22000 or multi year bear market is IMPOSSIBLE, even if Trump throws a nuke on our heads.