The NIFTY just tumbled into a bear market — here’s how long those downturns last on average
NIFTY plunge into a bear market from a recent high is fastest since Great Depression
It’s the end of a bullish era for the stock market and the
beginning of a new phase of bearishness, after a sharp plunge for risk assets on Wednesday pushed the NIFTY into bear-market territory for the first time in more than a decade. Equties deepened their slide on Thursday.
equity gauges set to close in bear-market territory, commonly defined as a decline of at least 20% from a recent peak. On Wednesday, the declines deepened after the World Health Organization declared COVID-19, the infectious disease that was first identified in Wuhan, China, in December, a pandemic.
See: Goldman says coronavirus will end bull market for stocks, see NIFTY falling another 15%
The illness has infected more than 127,000 people and claimed nearly 4,700 lives worldwide, with market experts fearing that pandemic could disrupt global supply chains and drive the global economy into recession.
WE POST FEW DAYS BEFORE
AS PER OUR LEVEL NIFTY MAY REVERSE FROM 10640 / 10340 /9990 / 9000.
AS PER OUR VIEW
NIFTY 9000PE @16 TO 268 MADE YESTERDAY.
INVEST 6000 AND MADE 1 LACK IN 3 DAYS.
TODAY MUCH MOOOOOOOOOR. 268++++++++( IT MAY BE 500+)
TODAY IT WILL BE DONE ITS ALL TARGET >> 9000<<