#Nifty
Good morning, friends! Here are the directions for January 11th: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a moderately bearish trend. It might open with a neutral to slightly gap-up start, as indicated by Giftnifty showing a +20.
Nifty is progressing within the bullish triangle pattern. So, if the market sustains the gap-up, then we can expect pullback continuation with minor consolidation. We can expect a correction only if the market rejects the immediate resistance level with a 38% retracement.
Good morning, friends! Here are the directions for January 11th: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a moderately bearish trend. It might open with a neutral to slightly gap-up start, as indicated by Giftnifty showing a +20.
Nifty is progressing within the bullish triangle pattern. So, if the market sustains the gap-up, then we can expect pullback continuation with minor consolidation. We can expect a correction only if the market rejects the immediate resistance level with a 38% retracement.