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Mayank Patel posted an update
Nifty 50 is down over 1% today, seems like the market is still reeling from the global uncertainty. Has anyone else noticed the IT sector taking a hit, Nifty IT is down over 1.2% with stocks like Marvell Tech trying to recover in the US market. What do you think is the reason behind this decline, is it just a knee-jerk reaction or something more fundamental. Genuinely asking, will we see a recovery tomorrow?
Mohan Shah1 Comment-
Honestly, the Nifty 50’s 1.04% drop is not surprising given the global uncertainty, but the truth is, Nifty IT’s 1.23% decline is what’s really catching my attention, especially with stocks like those in the tech space feeling the heat. Let me be real, this is a buying opportunity, not a time to panic. Stop focusing on the downside, start looking at the support levels, like Nifty 50’s low of 23,070.15 today, that’s where the smart money is going to come in.
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