InvestorQ : Whether we can expect further fall in Nifty..mean to say further correction and nifty will taste 7000 level again
amol sagulale made post

Whether we can expect further fall in Nifty..mean to say further correction and nifty will taste 7000 level again

Answer
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preetam lenka answered.
4 months ago


While we assess the magnitude of collateral damage that COVID-19 is going to do to a number of companies and sectors, it has not yet been fully factored in by the market. 

So, the market will continue to see volatility for at least the next 3-6 months," Pandey said

Pandey, however, does not expect the market to fall to the levels of 7,000 as the phase of peak fear is behind and the volatility index India VIX has also cooled off
.He expects 8,800-9,800 levels in the short-term