Nifty Correction Levels

A further 5% correction from current levels could lead to an 1100-point drop in the Nifty, bringing it down to the 21,000 mark.

A further drop of 1300-1500 points from current levels is considered a sensible entry point.

With Nifty earnings at 1150, the P/E ratio would be less than 20. The speaker does not foresee a cliff-like decline in earnings, noting stability and a 5% rise in PAT earnings, potentially bolstered by tax cuts. They suggest that historical worst drawdowns of 1100-1300 points make the Nifty more attractive from a P/E perspective.