Neutral impactEconomy
Nifty outlook: 1,500-point correction may be nearing end; 23,200 key support, says Dharmesh Shah
ET Now 3 hrs ago·14 Sept 2026, 6:36 pm
Economy ET Now
Indian markets have been under significant pressure recently, with the Nifty 50 index falling sharply from its record highs. According to Dharmesh Shah, a noted market analyst, this steep correction of nearly 1,500 points may be nearing its conclusion. The key focus for investors now is the 23,200 level, which is viewed as a critical support zone that could stabilize the market.
This development matters because a sustained bounce from this support level could signal a potential bottoming out process. While the immediate outlook remains cautious, a successful hold at this level may encourage a gradual recovery in broader market sentiment. Investors should watch for volume and breadth indicators to confirm if the selling pressure is truly abating.
Key takeaways
- Category: Economy.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. Use the price and stock snapshot to gauge how the market is responding.
