Major crashes/correction in last 20 years - Nifty Support Levels
Updated
This chart shows the 20 year channel for Nifty from 2002 to 2022 and how often it visits the bottom end of this channel.
It also shows the major crashes (2008 GFC crash and 2020 Covid crash) and the major corrections (2011, 2013 and 2016) in the last 20 years.
And it shows the levels at which Nifty found support and bottomed out during the above crashes and corrections.
Nobody can predict the market direction.
Assuming we are going to witness a deeper correction or a major crash given the current circumstances (high inflation, strong dollar, central banks hiking interest rates all over the world, supply side issues and geo-political risks), this chart attempts to show the levels at which Nifty may find support.
It also shows the major crashes (2008 GFC crash and 2020 Covid crash) and the major corrections (2011, 2013 and 2016) in the last 20 years.
And it shows the levels at which Nifty found support and bottomed out during the above crashes and corrections.
Nobody can predict the market direction.
Assuming we are going to witness a deeper correction or a major crash given the current circumstances (high inflation, strong dollar, central banks hiking interest rates all over the world, supply side issues and geo-political risks), this chart attempts to show the levels at which Nifty may find support.
Note
minor change to the description provided for time period Sep 2022 to Dec 2023
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