Nifty Analysis – Why Nifty & Markets are Falling

NIFTY Monthly :

After Hitting Overbought Zone In Last Few Months, Monthly RSI Dropped Below 60 Levels This Month!

This Event Happened in Mar 2008, Jan’11 & Aug’15 In The Past Also !

Time Taken To Bottom Out From This Point Were 6-11 Months

Further Corrections of 2-3.5 Average True Range (ATR) is Possible.

Fundamental Factors Affecting

Auto sales are becoming Worst.

Cement Sales not Growing

Housing and Real Estate Segment is showing weakness

Liquidity Crisis

NBFC Crisis

PNB Housing Reported Increase in NPA for Retail Loans.

Disc – All views expressed are personal and for Educational and study purpose only. Consult your financial advisor before investing or taking any position based on above article.

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