Börsenmarkt Fall: Nifty can fall by another 2,500 points, says Biju Samuel von Elara

In an interaction with CNBC TV18 on Monday, March 3, Samuel said that this is currently the first wave of the bear market and that this could take 18 to 24 months. “We are now five months,” he said.

The Elara Capital Chartist expects the Nifty to fall under its low of 21.281 below its low point of 21,281. This was the day on which the election results of Lok Sabha were explained. In three months from there, the index collected almost 5,000 points in September to achieve a record high.

On the other hand, Samuel expects the bull market to remain intact in the United States, and he sees a turn from the autumn of the Wall Street of last week.

According to Samuel, India, an outperformer in the past four years, could pursue the global stock markets below average.

Samuel added that it could be a bag in which there is a potential long -term structure, and he expects the sector to be a safe port for the next 16 to 18 months. The nice IT index has declined by 19% compared to its climax, which he had reached on December 13th last year. He quoted strength on the US market as a factor for the potential outperformance of IT shares.

The NIFTY 50 index had opened higher on Monday, but has given up all opening gains for trading around 22,000 marks. The index fell by more than 3%last week last week, since FII continues to sell and the uncertainties compared to the customs tariff of US President Donald Trump were spent on March 4.