For global brokerage firm CLSA, low margin of safety and mean reversion are derating risks for Indian equities. “A simple valuation mean reversion anchored on bond yields indicates fears of 30% downside in the Nifty,” CLSA warned in its India market strategy report.
Tech View: Nifty forms doji candle; buy-on-dips suggested with 22,780 as key support. How to trade on Thursday
Tech view: Nifty has formed a double bottom pattern and a doji candle near key support levels. The 21-day simple moving average (DSMA) at 23,285