Is 23,000 a strong support level for Nifty, or is there more downside risk ahead? Market expert Arun Kejriwal breaks down the current market trends, discussing the key trading range between 22,800 and 23,800. With persistent FII selling, expensive valuations, and global uncertainties like rising US inflation delaying rate cuts, investors need to brace for possible volatility.
Mutual fund flows have also shown early signs of pressure, with SIP inflows dropping for the first time in months. While the decline is marginal, it signals caution in the market. Meanwhile, 80% of NSE 500 stocks are trading below their 200-day moving average—a potential bearish signal. Will Nifty consolidate at these levels, or is a deeper correction on the horizon? With a depreciating rupee and higher US interest rates attracting capital outflows, what should investors do next? Arun Kejriwal shares his expert analysis on the technical and fundamental factors shaping the market’s next big move.