NIFTY-50 is likely to correct a few more % from current level.

Mar 10, 2020

NIFTY-50 is likely to correct a few more % from the current level before any clear uptrend move. As one can see from the chart that, NIFTY has taken support near (FIBO, 0.68) and bounced back on Monday(08/03/2020). Due to the globally week market over the Corona virus outbreak and the poor Economic condition of India is likely to take #NIFTY-50 near 10K in the near future. It will consolidate between (FIBO, 0.68) to (FIBO, 0.50).