Sebi regulation changes, high valuation of our Indian companies,Low corporate growth, higher inflation,Low liquidity, Falling rrupee against dollar, attractive US Market and highUS treasury yield. All this factors has led to huge selling presuure on Indian Market and Nifty witnessed a fall from 26277 till 22980.
When this fall will end and when again bull run will start is the question in mind of every trader and investor.
Fundamentally if Unioun budget has some surprises for tax reforms in its pandora and if FII likes then they will return. Also if RBI gives rate cut then it will bring liquidity in market. This can also attract FII. IF Dollar starts weakening against rupee then that can also some attractiveness in Indian market. If Indian market looks cheaper and growth of Indian market attracts FII then they will be back. They can even come at higher levels.
Technically Nifty is on minor 4th wave of Elliot wave theory of major 5th wave on weekly chart. That wave can end around the level of 21980 to 22000.
So now all eyes on Union Budget 2025, Finance minister and RBI.
Can they bring some change in stance of FII?
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