Banknifty as well as nifty might correct 20-25% in coming 15-18 months.
Correction might start before general election results. This time market will not wait for the general election results.
It will start viciously doing price correction between MAY24-SEP24 and will be a slow time correction in later time i.e. OCT24-OCT25
Better hedge you portfolio and sit with cash. This will be a last chance to get stocks in discount (specially banking stocks) before 2030.
Disclaimer - Its just my view as per my understanding. Do your own research before taking any trade decisions.
Correction might start before general election results. This time market will not wait for the general election results.
It will start viciously doing price correction between MAY24-SEP24 and will be a slow time correction in later time i.e. OCT24-OCT25
Better hedge you portfolio and sit with cash. This will be a last chance to get stocks in discount (specially banking stocks) before 2030.
Disclaimer - Its just my view as per my understanding. Do your own research before taking any trade decisions.
Commento:
This is the price correction I was talking about, It may continue with a retracement of 50% or 38% from the top. This is just A leg of the correction, retracement B up and C will follow down with more intensity..