NIFTY CALL FOR THE SHORT TERM - www.ashudutt.com

NIFTY CALL FOR THE SHORT TERM - The Nifty has every chance of heading back to 5400. If the reasons matter to you, please see below
The biggest sustainer of this rally was "liquidity" i.e. too much money chasing too few assets. It was being driven by ETFs (or emerging market ETFs). Emerging market ETFs are down with every heavy losses (some have lost over 10% in just a week). That will slow flows into ETFs to a trickle or even reverse the flow. If it reverses the flow, the Nifty could crack significantly. For markets to sustain, someone has to put up the money. But there is no retail interest either. So who will put up the money
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