Why Nifty Fell more than 2%. A Big Stock Crash is Coming?
Today on 17th Jan 2024, Nifty Fell around 2% and Bank Nifty fell more than 4% which is 2000 points.
Yesterday on 16th Jan, Nifty is on it’s All-Time high so after a bull run a sharp crash came.
This Market fell mainly because of HDFC Bank stock as it fell almost 8%.
HDFC bank fell from ₹1678 to ₹1537 in just one day.
Only Because of HDFC Bank stock fell, All other stock seem to have some negative effect. So to checkout why Nifty Fell, you should research about HDFC Bank Stock.
Now Nifty is on a Support Level of ₹21,541. If Nifty Broke this Support Level then It can fell till 21,083.
Right Now, We can’t say anything about if the crash is coming or know but we should see the technical levels, If it broke further levels then we can expect heavy sell off.