Nifty 50 Index
Long

Nifty 50 View

I have used simple Pitchfork and Fibonacci for analysis. We can observe that we are still bullish if we take April/May 2003 as a bottom. Levels suggest some hope around 7230 and 6095. The latter is a much stronger level since it coincides with the TrendLine.
Violation may lead to levels around early 5000s. Let us hope for the best.

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