pranjalf1

Nifty Downside till 13000-13200 levels.

NSE:NIFTY   Nifty 50 Index
Pattern formed overtime from March 2020 to January 2021. Support of 13750 on the lines have been breached. Now nifty is open to go down till 13000-13200. However, If 13800 on the upside is breached, then we can can see a rally till 14500. After that 15000 levels will be on the cards but lets restrict ourselves till 14500 for the time being.

Markets are extremely oversold on RSI and MACD . Hence buying every dip will be a good option till February end. Long Term Bullishness is still intact.

*(No Purchase/Sell Advice. Only for Educational/Data Sharing Purposes)
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.