Market Correction or Market Crash? What you expect but soon
Hello Everyone,
I've conducted another analysis, indicating that we might experience a good correction, likely in the 2nd or 3rd week of January 2024. But the question is how far this correction will go?
Projected Support Levels:
1st Support: 21,100
2nd Support: 20,250
3rd Support: 19,950
I'm optimistic that the correction will be limited to 21,100, after which we anticipate breaking the Nifty50's lifetime high of 21,834 and progressing towards 23,000.
I wish you successful investing and trading.
Best regards,
Naveen
I've conducted another analysis, indicating that we might experience a good correction, likely in the 2nd or 3rd week of January 2024. But the question is how far this correction will go?
Projected Support Levels:
1st Support: 21,100
2nd Support: 20,250
3rd Support: 19,950
I'm optimistic that the correction will be limited to 21,100, after which we anticipate breaking the Nifty50's lifetime high of 21,834 and progressing towards 23,000.
I wish you successful investing and trading.
Best regards,
Naveen
Trade closed: target reached:
On 24th Jan market touch our Support level 21137 and then took reversal.
Now we can expect a bullish direction
Now we can expect a bullish direction