Nifty 50 IndexShort
NIFTY GOING SOUTH IN THE LONG RUN
In the weekly chart Price has
1. Retraced from the 61.8 FIB Level
2. Dropped from a Strong Supply Zone
With things like BRexit and other Global Issues coming up.. It is almost a sure thing that NIFTY is going South, If i were to use FIB Extensions, it shows a fall towards 6800 in the long RUN, but I don't want to be stoned to death, so I won't keep bragging about it :), because most of you are holding longs stating that it is BULL Run.
1. Retraced from the 61.8 FIB Level
2. Dropped from a Strong Supply Zone
With things like BRexit and other Global Issues coming up.. It is almost a sure thing that NIFTY is going South, If i were to use FIB Extensions, it shows a fall towards 6800 in the long RUN, but I don't want to be stoned to death, so I won't keep bragging about it :), because most of you are holding longs stating that it is BULL Run.
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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.