Indian market witnessed a historic decline in the previous session as predicted last Friday (the budget day). The reaction of the market on annual budget is in line with our prediction for the annual budget of India. Nifty tanked down by 250+ points while Bank Nifty tanked down by 875 points. This was the most bearish intraday decline observed in 2019. This downtrend may continue for a while. Last Friday, we made our view public. What should you expect ahead from Indian equities?
