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Does the Indian stock market of 2020 looks like the repeat of stock market of 2008?
Analysis and prediction of Indian Stock market in the year 2020.
Ronald
Situation in the Indian stock market became grim in 2008 because of the real estate crisis in the USA, with Lehman Brothers and other global factors. Even then the Nifty went up by nearly 60% in four months and there was no support for Nifty. 200 EMA was 40% below the current high then.
But in 2020, Nifty has support near 11600 that is 50 EMA. 200 EMA may also act as support at 10250. Yes, the US China Trade war and the latest tension between US and Iran may have global impact and negative implications. One needs to hope for the best only.