Since the day I got Demat and Trading Account in first week of August 2016 I am following NIFTY 50 the popular NSE Index. At that time NIFTY 50 was going up and down around 8600 level. Soon it crossed 8700, 8800 then 8900 also within one month. 8600 to 8900 is 3.4% increase in one month.
In fact 8600 to 8900 closing level of NIFTY 50 was achieved in 10 days from 29th Aug to 06 Sep.
On 29 Sep 2016 India announced Surgical strikes and this Index dropped to 8591.25 but recovered in 3 days.
Today on 13 Oct NIFTY 50 closed at 8573.25 and the reason is being attributed to Bear run. As per this article on Economic Times this Bear run may continue tomorrow. If there is no support at 8500 the index may fall to 8270 level.
On 29 Sep 2016 India announced Surgical strikes and this Index dropped to 8591.25 but recovered in 3 days.
Today on 13 Oct NIFTY 50 closed at 8573.25 and the reason is being attributed to Bear run. As per this article on Economic Times this Bear run may continue tomorrow. If there is no support at 8500 the index may fall to 8270 level.
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