Recently, Nifty has performed poorly, causing the markets to move downward, which doesn't correlate with others. I believe this is an opportunity to grab as many stocks as possible and find the better-looking ones for the long term.
Levels to watch:
23,250: If Nifty reaches this level, it could form a double bottom and continuously move upward. We can expect an upward trend until the budget and a rate cut of about 0.25 basis points, possibly even 0.50 basis points. This could shock the markets and potentially cause a downward reaction if it happens too late. This is my optimistic prediction.
22,150: If Nifty doesn't form a double bottom and continues downward, it could reach this level.
21,250: This level is almost 9% down from today. Additionally, there's a CME gap around the 20,500 to 20250 level on the weekly chart. While I don't expect such a severe drop, it's important to note.
You never know about markets; they could severely go down that path. If it does, prepare yourself and get your bags ready to fulfill your dreams because it couldn't get better than this. This is a once-in-a-lifetime opportunity, so make sure to use it wisely and change your life for the better. NIFTY
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