On the weekly chart, the index has formed a small bearish candle with shadows on both sides, situated near the critical support level of 23,000. This pattern indicates indecisiveness among market participants, with the 23,000 level serving as a key inflexion point.
ETMarkets Smart Talk: Mid & Small Caps plunge 25%: A buying opportunity or more pain ahead?
The ongoing correction is driven by a mix of valuation concerns, muted earnings growth, and global macro uncertainties. Rising geopolitical tensions and the risk of