Day Trading Stocks & Futures

Sir

Sir
How much more correction in Nifty you see before bottom finally gets established.
We are in global liquidity tightening,interest rates going up,commodities shortages leading to inflation, war and it is very difficult to say where we will bottom but we may still lose 1000-1500 points ( worst case ) in nifty before we show some signs of a bottom.
 
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A friend shared his analysis of what the value of Rs 1,00,000=00 invested on 1-1-2018 be on 14-5-2022 if this amount is invested in each of TCS,Infosis,Wipro,Tata Elexi,Persistant systems,L&T Infotech,Mindtree,HCL Tech,Tech Mahindra etc. The lowest performer is Wipro with 17.95 % CAGR and highest performer is Tata Elexi with 61.38 % CAGR.

All the above stocks more than doubled in value in last 5 years.......so even with the current downmove, tech stocks have performed well in 5 years timeframe........
 
the big problem is that even if the market changes its trend to the upside. most of the stocks have price corrections but no time corrections.
big problem for breakout trading. going to be tough to find quality stocks.
 

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