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financialnews

Stealth • 9d

It is a sell-on-rise market; see Nifty@21,300 by end year Jai Bala, Chief Market Technician, predicts a downward trajectory for the Nifty and Bank Nifty indices, reaching 21,300 and 42,000 respectively by year-end. He anticipates a strengthening dollar index and rising US 10-year yields. Bala advises investors to prioritize cash preservation, highlighting the potential for a market correction and emphasizing the importance of strategic cash deployment during market revivals.

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