Markets have had a decent correction now. The current Drawdown on Nifty is about 10% & on Smallcaps is around 15%. The panic of a potential 3rd World War , Rising Yields , Rising Crude Oil Prices, etc. could be some of the factors that may have led to creating weakness in the markets. Nifty has now dropped below the 200 Daily Moving Average for the first time since COVID fall. We had made a detailed video on Nifty’s equation with it’s 200 DMA on Feb 14th – Do check it out here in case you missed it before.
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