Nifty May Break 25,500 Support! Kunal Bothra Sees Start of Downtrend, Market Correction Ahead? #ETNOW
Nifty May Break 25,500 Support! Kunal Bothra Sees Start of Downtrend, Market Correction Ahead?
Nifty May Break 25,500 Support! Kunal Bothra Sees Start of Downtrend, Market Correction Ahead?
Market expert Kunal Bothra warns that Nifty may finally break its key 25,500 support, signalling the start of a short-term downtrend as global markets turn weak. Shah highlights that while Nifty IT showed gains yesterday, there’s no real leadership emerging within the sector — with Infosys, Wipro and HCL Tech showing lacklustre follow-through. He adds that traders should look to initiate short positions, recommending sell calls on IRCTC and Lupin amid technical breakdowns.
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