et_marketsabout 3 hours ago
BULLISH(90%)
buy
Published on the original source: 31 Mar 2026, 4:38 PM IST
Bulls to return after March massacre? Elara sees limited downside for Nifty after 11% crash amid Iran-US war
Read original sourceAI Analysis
The Indian broad market has seen significant correction, with the Nifty experiencing an 11% crash. This analysis suggests a potential bottoming out, offering a contrarian view amidst the recent sell-off.
Trading Insight
Look for long opportunities in Nifty futures or index ETFs with a strict stop-loss below recent lows, targeting a recovery towards pre-crash levels.
Key Evidence
- •Nifty experienced an 11% crash in March due to the Iran-US conflict.
- •Elara Securities sees limited downside for Nifty going forward.
- •Historical data suggests conflicts typically cap drawdowns near 10%.
- •Current Nifty valuations are 7% below long-term averages.
- •Elara expects a potential rebound as risks gradually ease.
Affected Stocks
NIFTYNifty 50
Positive
Elara Securities predicts limited downside and potential rebound for the Nifty after a significant crash.
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