When can we expect market correction?

market correction: Be cautious; 10-15\% correction likely by the end of 2021 or early 2022: Dipan Mehta – The Economic Times.

Is correction due in Nifty?

“We expect Nifty to maintain the rhythm of not correcting for more than 9\% observed since May 2020,” ICICI direct said in a report. So far, the benchmark 50-stock Nifty has corrected 6\% from its all-time high of 18,600.

When was the last market correction?

Both the Nasdaq and the S&P 500 also experienced corrections in late October 2018. Each time, the markets rebounded. Then another correction occurred Dec. 17, 2018, and both the DJIA and the S&P 500 dropped over 10\%—the S&P 500 fell 15\% from its all-time high.

Is Nifty going to correct?

Since May 2020, on three occasions Nifty has clocked new highs after undergoing average 9\% correction. “We expect Nifty to maintain the rhythm of not correcting for more than 9\% observed since May 2020,” ICICI direct said in a report.

What is price correction in stock market?

What is Market Correction? In the field of finance and investments, a correction is referred to as a change in the stock price from its recent peak state. Assets, stock exchange indices, or the entire capital market itself may fall into a correction for days, weeks, months or a longer sustained period.

Will Nifty hit life-time high of 15400 in May 2021?

Going ahead, we reiterate our positive stance on the market and expect Nifty to eventually head towards life-time high of 15400 in the month of May 2021. In the week gone by equity benchmarks extended gains over the second consecutive week despite elevated volatility spooked by surging second wave of COVID-19 across India.

What is the immediate support for Nifty at 17300 levels?

Immediate support is placed at 17,300 levels. The Sensex gained 166.96 points, or 0.29 percent, to end at 58,296.91, while the Nifty closed 54.20 points, or 0.31 percent, higher at 17,377.80. Nifty continues to be on a rise and this is becoming an electrifying rally.

What is the short term trend of nifty?

The short term trend of Nifty continues to be positive. Though Nifty formed a small range candle at the new highs, there is no immediate threat to a short term upside momentum for the Nifty. Initial upside targets to be watched around 17,500-17,600 levels in the next few sessions. Immediate support is placed at 17,300 levels.

How did Nifty perform in Week 14823?

The Nifty concluded the week at 14823, up 1.3\%. Broader market relatively outperformed as Nifty midcap, small cap surged 1.3\% and 2\%, respectively. Sectorally, metal, pharma and IT remained in limelight while realty underperformed