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India market faces selling pressure near 22,500, Afzal Lokhandwala warns
Afzal Lokhandwala stated that India is not suitable for trading long positions at present.
Referring to index analysis from past Chart Whispers Reports, Lokhandwala pointed out a potential breakdown at the 22,500 mark. On February 28, the risk of reaching 22,500 was flagged, and by March 4, a breakdown at this level was confirmed.
Lokhandwala's cautious perspective on current index vulnerabilities is consistent with his disciplined strategy, as demonstrated in his decision to exit DPST at breakeven—a move that underscored prudent risk management amid shifting market conditions. This approach aligns with his prior ability to capture record gains, illustrated when Sinoma Science rose 8%, highlighting his responsiveness to evolving market signals.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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