Experts’ views on Nifty trend going ahead

The 50-share Nifty broke below its crucial level of 8200, a day after the RBI disappointed the market effecting a 25-bps cut in repo rate even as the Dalal Street had pinned hopes on a surprise 50-bps reduction. The intensity of the ongoing correction suggests that the pull-back rally in the market, which began at a low of 7997 and extended upto 8,489, is over. The market is expected to trade with a downward bias for the next couple of months. Watch what top experts are gauging Nifty trend going ahead.