Nifty (Markets) have signalled a war – Indo-China and/or US-N Korea despite a strong Indian economy. So have global indices and the USD Index.
Nifty could correct to 9,315 or even lower.
This, however, is a great opportunity to buy in, if you missed the earlier buy signalled. OR to add to LT Investments.
The 9,315 level will represent a 38.2% retracement which is quite “heavy” considering India is one of the strongest economies around. It should attract massive FDI & FII inflows once the war/skirmishes are contained and it’s BAU after that.
Keep your powder dry!