Iran war deepens correction risk: Is Nifty headed toward the 21,000 zone?

Rising crude oil prices due to geopolitical tensions directly impact sectors like Auto and Airlines due to higher input costs and fuel expenses. Financials may also see pressure from broader market corrections and FII outflows.

• •Indian equities are under pressure due to West Asia tensions, with Nifty slipping from recent highs.
• •Analysts identify the 21,000–22,000 zone as a potential bottom based on technicals, valuations, and Fibonacci levels.
• •Weak momentum, FII outflows, and rising oil prices are contributing to persistent volatility.
• •Investors are advised to adopt a phased, long-term approach.
• •Nifty 50 can crash to 21,000 if crude oil prices remain around $100 for next 3-4 months amid US-Iran war.