Ravi Singh advises caution for investors as Nifty 50 faces challenges

Ravi Singh from Religare Broking advises investors to wait for the Nifty 50 index to decisively breach the 24,500 level before initiating new long positions. He notes that the current market outlook is weak, with a stronger presence of sellers. Singh predicts that the Nifty may trend towards 23,500 in December, as it remains in a "Sell on Rise" mode below 24,500. He suggests that positive momentum may not emerge until after January 15, 2025, when expectations for the upcoming budget align. He also highlights challenges for the Indian market in 2025, including geopolitical and economic risks. Singh recommends cautious investment strategies, particularly avoiding heavy exposure to the IT and real estate sectors, while focusing on long-term wealth creation.