Nifty Index Enters Meaningful Corrective Phase

Ongoing geopolitical tensions and foreign institutional outflows have driven the Nifty into a corrective phase after peaking near 26,350 and falling to about 23,200, analysts say. Technical structure, Fibonacci retracements (22,100 and 20,800) and valuations (PE ~20.2) converge on a 21,000–22,000 stabilisation zone, prompting recommendations for phased accumulation amid elevated volatility.