Too early to call for a bottom; Nifty headed to 21,280 as downward momentum is strong: Jai BalaJai Bala points out significant signs of market decline, focusing on Nifty IT and US techs, suggesting strong downward momentum. Key suppor...
It is a sell-on-rise market; see Nifty@21,300 by end year: Jai BalaJai Bala, Chief Market Technician, predicts a downward trajectory for the Nifty and Bank Nifty indices, reaching 21,300 and 42,000 respecti...
Wear a trader’s hat now, and start booking profits at 25,600-26,000: Jai BalaBut I think that until that point you want to retain your patience. But from this point onwards sectorally you might want to know which sec...
Strategy is to be ready to sell if the critical support breaks at 21,770 : Jai BalaJai Bala advises caution in the market due to the potential break of critical support at 21,770, emphasizing the importance of monitoring s...
We’re probably in last stretch of bull run for 2023; great potential for reversal in Bank Nifty around 49K: Jai BalaJai Bala says: “The largecaps are leading from the front. If you look at the smallcaps, we have seen some sort of an exhaustive move. We ne...
Market may revert to 18,800-18,700 range & touch a new high around Diwali: Jai BalaAccording to Jai Bala, the Indian 10-year yields are set to increase, impacting the negative impact on bond holdings for Indian banks. Bala...
3 sectors Jai Bala is bullish on for near termSo, that is a positive and a negative. Positive because that shows a lot of bullishness but negative because the markets are overstretched ...
3 stocks Jai Bala is bullish on for near termSBI has actually broken down. It should not have traded below 563 and it has traded below it. And it was pretty obvious to me that the move...
Market in an accelerator phase of decline; take a hit and get out: Jai Bala"The market is in a decline and multiple sectors are breaking down. Reliance, banks, and IT are leading the way down. IT is on tenterhooks ...
Market poised to go quite a bit lower; put protection between now and February: Jai Bala"Definitely cover some portion but do not cover the entire portion because it is difficult to now completely come to the conclusion that we...
Jai Bala on when we will see the next big market correction“The Indian market is slightly outperforming the world markets and I do not think that it is sustainable.In the extreme short term, market ...
Anticipating a slight role reversal between S&P500 and Nifty: Jai Bala“The Nifty has been outperforming the markets between February and May and that outperformance might be coming to an end and there could be...
Expect Nifty to drop to 14,000 before this correction ends: Jai Bala“We have not seen panic selling yet. Coming to the Indian Nifty, I expect it to drop to somewhere close to 14,000 before this correction co...
If Nifty goes below 17,250, the correction can get deeper; better raise some cash: Jai Bala“If the market were to break any levels below 17,250, the correction can get deeper. At the moment, I am not envisaging that but if it does...
Buy IT, pharma and FMCG stocks on dips: Jai BalaThe markets have already done with the current break of the correction and we might have further upswing to about 11,850.
Nifty may hit 11,600 if it crosses key resistance level of 11,225: Jai Bala‘The emerging markets are having a great run because of the dollar weakness’
- Downside potential for the market is at least 4700 from a 3-6 months basis: Jai Bala, Technical Analyst, Cashthechaos.com
Jai Bala, Technical Analyst, Cashthechaos.com in an interview with ET Now talks about his outlook on markets and investment strategies.