Nifty - Pessimism nearing its peak!!

Nifty - Pessimism nearing its peak!!

Ritesh Victor
29 Aug 2019 05:40 PM
During the last week of July 2019, when Nifty was around 11200, had written that it was ‘Precariously Placed’, and that there could be a recovery before a decline towards 10500-11100. Well, the recovery never took place but the decline did happen – earlier than expected. A month later, after heightened US China trade war, serious concerns of domestic (and global) economic slowdown, increased geo-political risk, never ending flow of negative news, Nifty is managing to stay afloat 10900. There are very few smiling faces in the equity markets.

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