22800 is a good level to bounce back, but if the closing happens below 22800 then be prepared for 21800. Overall at stock level, there is lot of pain and there is no trigger for it to ebb anytime soon
NIFTYG2025 forms an inverted head and shoulders pattern, signalling a bullish trend. However, to gauge the momentum, use Fibonacci retracement. The critical level is 23,800; if it breaks down by 2%, it confirms a bearish continuation. Otherwise, bulls could run to 24,050, and with positive global cues, potentially reach 24,300 or higher.
NIFTY1! The market has been falling for the past 3+ months, leaving very little room for further downside. This correction was necessary because many companies were overvalued. In equity markets, fluctuations between highs and lows are normal. If a positive outcome occurs, the market could bounce back sharply, driving prices higher.
This is my point of view. If you have better insights, feel free to share—I’d like to learn more.