Nifty 50 IndexUpdated Levels to Watchout in NIFTY
Dear Followers,
As Per technical Analysis and Fibonacci Retracement analysisNIFTY NIFTY Spot is in consolidation phase and Currently its trading between 19300 to 19700 level now for upside it will face Strong resistance Near 19850-19950 level if its break then we can see 20300,20600,21000 level in coming time. but now due to global cause and Profit booking we can see downtrend in NIFTY.
if anytime nifty breaks 19300-19200 level then it will be a bears trap and nifty will test 18900,18700 and 18500 level.
Lets Hope and Enjoy Market moments.
Please keep in mind that markets are inherently unpredictable, and there are no guarantees in trading. This view is based on my analysis as of Date 10 Aug 2023, and conditions may change. It's important to do your own research and consider your risk tolerance before making any trading decisions.
Best regards,
Ajay Metha
As Per technical Analysis and Fibonacci Retracement analysis
NIFTY NIFTY Spot is in consolidation phase and Currently its trading between 19300 to 19700 level now for upside it will face Strong resistance Near 19850-19950 level if its break then we can see 20300,20600,21000 level in coming time. but now due to global cause and Profit booking we can see downtrend in NIFTY. if anytime nifty breaks 19300-19200 level then it will be a bears trap and nifty will test 18900,18700 and 18500 level.
Lets Hope and Enjoy Market moments.
Please keep in mind that markets are inherently unpredictable, and there are no guarantees in trading. This view is based on my analysis as of Date 10 Aug 2023, and conditions may change. It's important to do your own research and consider your risk tolerance before making any trading decisions.
Best regards,
Ajay Metha
Trade active
Short Selling Order Executed Now lets enjoy Bears Trap
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