VarunLaddha

NIFTY STUDY FOR MEDIUM TERM

Education
NSE:NIFTY   Nifty 50 Index
Nifty Spot had given Single side blood bath rally from 11150 to 9950 in month of Feb 18 & March 18, from where Nifty manage to bounce back to fibonacci levels of 0.382(Good Resistance & Reversal Point), if Nifty manage to sustain above 10480, then we can expect Nifty at levels of 10580-10730, which is again very Strong Resistance & Reversal Point of fibonacci levels of 0.50 & 0.618 as well as C point of ABCD pattern (where AB=CD). If Nifty Spot move towards C Point we may see aggressive profit booking, if Supported by Political & Economical tension ,then it can drag Nifty till levels of 9500, which can be life time opportunity to construct the portfolio at lower levels. As a market watcher Levels of 10500 - 10580 - 10730 cannot be ignore to decide next trend for Nifty.
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.