#Finnifty

2 May 2023

"Today, May 2nd, the global market is indicating a positive start with a bullish market sentiment. It may begin with a gap-up. After that, if the market sustains, we can expect a continuation of the rally with minor consolidation. On the other hand, the initial market might be rejected, but structurally it shouldn't lead to a big correction. We can expect a minimum correction of 23% to 38%. If it breaks 38%, then we will wait for good confirmation before initiating a short sell."