Iran war deepens correction risk: Is Nifty headed toward the 21,000 zone?
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Ongoing geopolitical tensions in West Asia continue to weigh on Indian equities, despite occasional one-off rallies. The benchmark Nifty has dropped sharply from its highs, raising concerns over how deep the current correction could run. Analysts are eyeing the 21,000-22,000 range as a potential stabilisation zone, as technical structure, valuation metrics, and historical patterns begin to converge around that band. After peaking near 26,350, the Nifty has entered what analysts describe as a meaningful corrective phase. The index has already fallen to around 23,200 within a short span, altering the near-term market structure and weakening momentum. According to market expert Abhishek Parakh, corrections in equity markets tend to extend beyond initial expectations before forming a durable base. “Corrections rarely end when investors expect them to. They usually extend just enough to test conviction before a stronger base begins to form,” h...
