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MOHIT09
Sep 24, 2020 4:45 PM

Multi-Timeframe Analysis of NIFTY (MONTHLY) 

Nifty 50 IndexNSE

Description

As you can see on monthly chart NIFTY is forming bearish engulfing and most probably it will take a support at 10150 levels (fibonacci 38.2% 1D TF) if it breaks the current support explained in previous chart.
If it breaks that level further support will be at 9000 levels.

-MOHIT RAJANI
Comments
ckirtane
nifty has not completed rising trend yet on monthly chart. most likely it will catch previous high (12400) before start reversing on monthly basis.it is more likely to go higher at 13800 then start falling to 10000 level.
MOHIT09
@ckirtane, it may go
sharmakkhpsas
Yes it may go to 10000 level very soon
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