NIFTY50 Price Analysis - Medium to Short Term
Nifty50 index has been in the price range for nearly 6 months and is under high volatility due to variety of news flows.
As of now Nifty 50 is near major resistance and any significant breakout and close above it will cause a rally while any reversal will cause a correction for the short term.
A decisive Breakout is must for the bulls to continue in dalal street.
Any adverse news will also affect its rally or correction in the medium to short term.
DYOR Own research before Trading/Investing. Not responsible for P&L.
As of now Nifty 50 is near major resistance and any significant breakout and close above it will cause a rally while any reversal will cause a correction for the short term.
A decisive Breakout is must for the bulls to continue in dalal street.
Any adverse news will also affect its rally or correction in the medium to short term.
DYOR Own research before Trading/Investing. Not responsible for P&L.
Related publications
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.