DSIJ Mindshare

Nifty has formed another lower low and closed at the previous weeks low.

For the fourth straight week, the benchmark index registered a decline.

In our earlier columns, we forecasted that the overstretched market may witness a sharper decline.

Nifty continues to scale new highs, rallying about 250 per cent from the low reached during the corona virus pandemic.

Leading benchmark index Nifty 50 scaled to a new lifetime high with a surprise move last week.