Technical Reason : Breakdown from Long Parallel Channel.
Fundamental Reason : Russia-Ukraine prolonged war , Russia Economy stable by support of India as a customer, Rubble strengthening -- Dollar Weakness , US-China tussle over Taiwan likely to emerge , Energy price unlikely to come down as long as there are sanction over Russia , Food Inflation likely to persist due to heatwave .
Comment
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heading well , did breakdown from the support today.
Good afternoon sir, I find your research to be quite insightful. You could also mention the repo rate increase in USA, European Union and India. Also the sanctions imposed by these countries on inter country trading.
PriceWorksIndeed
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@meetujugal yes right, which may cause recession in developed countries and slow down the growth of developing countries. All these things may lead nifty 4 big correction.