NIFTY Index Chart Analysis
NIFTY PUTS UP A STRONG SHOW
Nifty continues to scale new highs, rallying about 250 per cent from the low reached during the corona virus pandemic. The current bull run since March 2023 is the sharpest one, with no major corrections. In the last 18 months, the benchmark index has climbed over 56 per cent. During this period, only one of 6.85 corrections occurred in October 2023. Currently, India’s market capitalisation has risen to USD 5.71 trillion. In any terms, the current market condition is in a strong bullish trend. In any timeframe, there is no weakness visible.
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