This is a NIFTY chart prediction for next year. Hope I am proven wrong.
BUT: Fundamental investing: This analysis is considering the wars, inflation, interest rates, dollar-rupee, lending, fmcg slow down. Multiple interlocked factors contributing to slow progress for the next year.
Technical investing: Based on technical Patterns there is gap up that has not been filled at 20500 level. And as per history, we all know what happens to gap ups. Also I have analyzed multiple year rally-consolidation-fall-rally to come up with this.
Emotional investing: I expect to see a lot of people panic, book losses and hold red stocks. This will reduce the investment emotion built over a couple of years.
What's the way around: Individual stock investing in the top 200 companies. Find picks that you understand.
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