Reversal point can be looked once NIFTY trade above 9100 not only on technical chart but also some fundamental factors.
Note: I gone thorough top 10 weight-age stock of Nifty and can see still some downward scope.
The factors need to be considered before making up mind of reversal.
1.Corona factors
2. most of the countries lift lock down or shut down
3.Infected people getting recovered and no new cases are coming
4. Any vaccination for corona
5. Government and NBFC/Bank management policy to tackle deffer-ed revenue.
Note: I gone thorough top 10 weight-age stock of Nifty and can see still some downward scope.
The factors need to be considered before making up mind of reversal.
1.Corona factors
2. most of the countries lift lock down or shut down
3.Infected people getting recovered and no new cases are coming
4. Any vaccination for corona
5. Government and NBFC/Bank management policy to tackle deffer-ed revenue.