atulm
Short

Nifty - Possible Scenario

NSE:NIFTY   Nifty 50 Index
102 views
0
Possible Nifty scenario based on support and resistance trend lines .
Assuming current bear phase is continuing and the current upswing is just a short covering.
Resistance for current up move @ 8170 (+/- 10 points) and target is 61.8% retracement @ 7650.
This will also complete the last wave of down move and then possibly pre-budget rally starts by mid January.
Comment: Nifty has touched 8210 the resistance at red line and fallen. The possible scenario still holds. If it falls below 8122. The current rally would be over.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out