financialmarketsalgorithms

NIFTY- How much further will it retrace?

NSE:NIFTY   Nifty 50 Index
Nifty is in correction mode but has not retraced a large part of the previous swing. Bull market corrections usually correct 38% to 50% so one might watch out for support near the indicated zone. Derivatives data is suggesting very strong support in the region of 10000/10100.

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