50 is in a upward trend. To sustain it a correction is necessary. Between feb and march Nifty
50 might retrace to 0.618 fib levels. That would be around 10500. RSI
shows a down trend and MACD
is also moving towards a cross over.
However we need to keep a close look as budget on Feb 1 might influence the direction of Nifty
Do your own research before getting into any trade!