Nifty continues to consolidate around the 15800 – 16500 mark for most of May 2022 with quite a bit of volatility. The not so bad news for now is that 15700 support level seems to be quite strong and the down trend since Apr 2022 seems to have been arrested for the time being. There are measures being taken across the world to curb inflation via interest rate hikes while we are also battling out many other aspects like the Russia – Ukraine conflict. Markets are cyclical in nature and we have time and again witnessed these cycles across several decades. One can take lessons from the past in order to fortify the importance of having a long term view for your equity investments.
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