Nifty Trend and Pattern Analysis - Weekly( 1st OCT)
Economic Factor:
1)Liquidity factor overperforms Indian market comparing to world market
2) But now quantitate tightening happening all over the world, which leads to fall.
Bull Market:
1) if we are consider in Bull market, Mostly all Bull market rally at least retrace 0.382 level(History tends to repeat).
2) so , it has high possibilty to touch 14300 level
Bear Market:
1) if it breaks the trend line support and 14300 level (0.382 level of Fib) , we are entering into bear market phase
2) so , it has high possibilty to touch 11750 or at least 13000 level
1)Liquidity factor overperforms Indian market comparing to world market
2) But now quantitate tightening happening all over the world, which leads to fall.
Bull Market:
1) if we are consider in Bull market, Mostly all Bull market rally at least retrace 0.382 level(History tends to repeat).
2) so , it has high possibilty to touch 14300 level
Bear Market:
1) if it breaks the trend line support and 14300 level (0.382 level of Fib) , we are entering into bear market phase
2) so , it has high possibilty to touch 11750 or at least 13000 level
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.