Nifty Breakdown below 23500

[Arnal07]

When you see these media reports, then just expect the opposite

That's true but You have to take suggestions from the reports made by well known foreign brokers like citi,jp morgan,morgan stanley,clsa etc.
The current pe of Nifty 50(TTM) is 20.4.I don't think Nifty's TTM pe will go below 19 level in near future.That indicates 5-7% correction approx from this level.As more rate cuts are on the way, the gdp/economic growth will accelerate slowly from now.

 

[hender]

I don't believe this Fund houses anymore. There job is easy to suggest top picks today, in few months down the line same fund house will suggest bearish downtrend for stocks from this recommended list 😛 😛

Esp. the TV channels & so called market analysts for whom market can be termed as 'Bottomed Out' whenever any short bounces happen lol.

That's the dish to engage retail - Dreams

 

[cardio_guycardio_guy is verified member.]

There is one more reason - weakening of INR. As long as rupee is falling, more and more FIIs will take out money.

 

[Rishabh]

There is one more reason - weakening of INR. As long as rupee is falling, more and more FIIs will take out money.

Increase in Capital Gain Tax is main reason along with INR depreciation.