Nifty 50: Nine Straight Days of Losses

The Nifty 50 just made history, but not the good kind. After nine consecutive down days, India’s benchmark index has matched a record last seen decades ago. According to data shared by Saketh R on Twitter—verified using a Pine Script coded through ChatGPT—this kind of losing streak is exceptionally rare. For a market that’s been one of the world’s top performers in recent years, it’s a wake-up call.

Why This Matters

When you see nine red candles lined up on a chart, it’s telling you something. It could mean sellers are firmly in control and the slide isn’t over yet. Or it could mean the market’s gotten too negative too fast, setting up for a snapback. Either way, it’s not normal. These streaks tend to show up during moments of real stress—times when uncertainty runs high and everyone’s second-guessing their positions.

The chart paints a clear picture: Nifty’s been bleeding steadily, now sitting around 24,600. That’s a level traders are watching closely as potential support. But whether it holds depends on what happens next. Historically, only one other time in three decades has the index fallen this many days straight, which tells you how unusual this moment really is.

Key factors behind the selloff:

• Global headwinds: Rising U.S. rates, sluggish growth in China, and a general shift away from risk
• Domestic profit-taking: Some sectors had run up too far, prompting investors to cash out
• Momentum effect: Once losses pile up, stop-losses get triggered and the selling feeds on itself

What Happens Next?

Nobody knows for sure. Bears will say the trend is your friend—until it isn’t. Bulls will argue that when everyone’s this negative, it’s usually time to start looking for a bottom. The truth is probably somewhere in between. If support breaks, things could get uglier. If buyers show up here, the bounce could be sharp.

What’s clear is that this isn’t business as usual. The Nifty’s nine-day slide is a signal—whether it’s the start of something worse or the end of a purge, only time will tell. But it’s a reminder that even strong markets can hit rough patches, and right now, Indian equities are in one of those moments.