Nifty
SGX nifty indicates a positive start. The market nature is neutral. Structurally, the market may consolidate between the previous day's range. At the same time, if the market breaks the range of the previous day, we follow that direction. My opinion is the market may open a little bit gap-up, but it won't be sustained. if the market sustains the gap-up, then the pullback will reach a 61 to 78% fib level.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.