Nifty after rallying more than two and half times from the lows of 2019 aftermarket fell more than 38%.
Ever since August 2021 one could notice NIFTY has been going up, but the volume is not supported. Markets moving up without volumes.
NIFTY is on the verge of producing a new high. However, the US Debt ceiling, the Recession in Europe, the Rising covid cases in China, the ongoing Russia-Ukraine war, and China Taiwan issue are the factors that could markets to come down.
Nifty has been trading in range of 18600 and 15200, failure of NIFTY to cross 18600 could create doubts in one’s mind retest 15200 levels