5 monthly red candles for first time in market Index

 #nifty #Nifty50 #niftyOptions 5 trading days from today will create a first time in history 5 consecutive monthly red candles . Also index had taken the monthly exponential moving average support after the 2020 swing low & all eyes as to if it will hold same this March 2025

Make note that #gold is at record high after the new US president has come in with new tariffs which indicate the money is flowing towards safer haven instead of on the riskier equity market.

Indian market has so far corrected near 13.3 % only following the new US regime , but this is not much considering the steep bull rally  near 70% since last 4 years or so. Below charts indicate bulls ar fighting at the last line of defence near 22800 & a solid breach from here could mean another ~5% more correction.