SELL NIFTY - Major downtrend yet to be started

NIFTY is struggling to break the new high. From the Fibo extension with the previous low of 8000 around. It is reached 4.236 level at the price of 15500.

Stochastic also in overbought and crossed level below.

Our target and SL would be
TP1 : 14300
TP2 : 12500
SL : 16000

Let us see whether the trend goes.


NOTE: This is not a financial advise, this is just my view for educational purpose, do your own analysis. I will not be responsible for your loss
nifty50Trend Analysis

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