NIFTY - Bottoming Out 14290-14300 ?
Based on my analysis of the chart, I believe Nifty may take support around 14300 levels and then bounce back.
Don't go aggressive on shorting.
If Nifty closes below the intersection of the 2 channels i.e. 14300-14290 and sustains below for a couple of sessions then we may see a bigger fall ( possible if globally corona scenario deteriorates) but indications majorly suggest that wont happen.
Let us see how it pans out.
Don't go aggressive on shorting.
If Nifty closes below the intersection of the 2 channels i.e. 14300-14290 and sustains below for a couple of sessions then we may see a bigger fall ( possible if globally corona scenario deteriorates) but indications majorly suggest that wont happen.
Let us see how it pans out.
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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.