Wed 13 Jan Nifty View
Good Morning Guys!
So the turn date has arrived. Today at around 10:30, Nifty will complete its downward time cycle which it started on 13th Jan, and will be upward till 24th Jan at least.
Nifty from 13th Jan did not do much in terms of price retracement, it was just a time correction. In such markets OTMs loose money, and that’s why I advise against them. Yesterday morning looking at SGX Nifty it appeared as if Nifty will bypass today’s turn date, but Nifty did take a dip after the opening.
Levels to be achieved by 24th Jan will be shared tomorrow. But looking at current bullishness, 200 points shall be easy.