levels to watch

It's clear that analysts, the media, and others who seek the spotlight often try to explain why the markets moved in a certain direction. The irony, however, is that these explanations usually come after the market has already moved, making it obvious that they’re just linking the moves to some news event.

If you pay close attention, you'll realize that technical tools can provide valuable insights ahead of time, helping you predict how the market will behave and where it’s likely headed. For those who’ve read my past articles, you’ll notice I’ve already highlighted key levels for the Nifty index and the potential targets it could reach.

Whether there were tariffs or not, the market was bound to drop. But as I pointed out, the crash is being blamed on the tariffs.

As long as the markets remain below the 24,000 level, we can expect them to target 21,800 and possibly even lower in the coming weeks.

I had booked profits for some of my stocks around the 21,800 level and re-entered short positions at 23,800.