NitinBhinge

NIFTY 50 MONTHY CHART DETAIL STUDY - IS CORRECTION STARTED??

Short
NSE:NIFTY   Nifty 50 Index
ON A MONTHLY CHART NIFTY 50 ABLE TO BREAK LAST MONTH (FEB) LOW OF 10276 AS OF NOW AND MADE FRESH LOW NOW AT 10215.

AS WE SEE THAT MARKET MOVING IN RISING CHANNEL AS PER MONTHLY CHART, AND ABLE TO BREAK RECENT TRENDLINE SUPPORT AS PER CHART.

SO IF MARKET SUSTAIN BELOW 10250 LEVEL THEN IN COMING TIME WE CAN SEE 10050, 9700, 8800 LEVEL.

IT CAN TAKE STILL 6-12 MONTH RANGE TO FALL.

OVERALL TILL IT NOT CROSSING 10650 WE CAN EXPECT CORRECTION TO CONTINUE TILL NEAREST SUPPORT LEVEL OF..
10050
9700
8800

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