Nifty 50 IndexShort
NIFTY - "Bearish Sign" & the "Stimulus Package"
NIFTY index:
CLOSED @ 9859
LOW @ 9731
As per the international market closing, we are sure that on Monday the market will be open negative. There was a strong reversal indication from NIfty on Thursday; as the Resistance at 9900 price point was very difficult to break.
Also, the market has reached a healthy Fibonacci retracement level of 50%. We can see a fall upto 61.8% (8450 levels) retracement of the current wave in the coming days.
Strong Resistance at 9900
Strong Support at 9700,9600
The market will remain negative but keep eye on the next stimulus package declaration from the central government. This news can help the market to gain upto 200 points.
CLOSED @ 9859
LOW @ 9731
As per the international market closing, we are sure that on Monday the market will be open negative. There was a strong reversal indication from NIfty on Thursday; as the Resistance at 9900 price point was very difficult to break.
Also, the market has reached a healthy Fibonacci retracement level of 50%. We can see a fall upto 61.8% (8450 levels) retracement of the current wave in the coming days.
Strong Resistance at 9900
Strong Support at 9700,9600
The market will remain negative but keep eye on the next stimulus package declaration from the central government. This news can help the market to gain upto 200 points.
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Garey
Whatsapp - +91 9999 504 500
Garey
Whatsapp - +91 9999 504 500
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.
-
Garey
Whatsapp - +91 9999 504 500
Garey
Whatsapp - +91 9999 504 500
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.