Nifty may show us lower levels, thanks to global cues!!
Currently, Nifty is making HH & HL. Accordingly, Nifty should not break 17220-200. If the same is broken, then Nifty may start to make LH & LL and this would weaken the Indexes for short term till 15800 levels are not broken.
Further, on daily chart of Nifty, we can see formation of dark cloud cover and evening star (approx.). Hence, we can see some correction in market.
Other Cues for tomorrow:
Negatives:
- Fed’s Jackson Hole Conference
- News of default of China Evergrande
- Nifty break important supports
- Release of metal from strategic reverses by China
- Formation of Dark Cloud Cover/ Evening star on Daily Chart of Nifty
- Nifty has outperformed the global market in uptrend, it may be a scenario that Nifty go down and outperform global
- VIX up by 14% and closed at 17.49%. Hence Volatility would be at higher side
Positives:
- Nifty closed above an important support 17380
Disclaimer:
- View expressed are of personal in nature. consult your financial advisor before taking any decision of investment
- We are not SEBI registered
Further, on daily chart of Nifty, we can see formation of dark cloud cover and evening star (approx.). Hence, we can see some correction in market.
Other Cues for tomorrow:
Negatives:
- Fed’s Jackson Hole Conference
- News of default of China Evergrande
- Nifty break important supports
- Release of metal from strategic reverses by China
- Formation of Dark Cloud Cover/ Evening star on Daily Chart of Nifty
- Nifty has outperformed the global market in uptrend, it may be a scenario that Nifty go down and outperform global
- VIX up by 14% and closed at 17.49%. Hence Volatility would be at higher side
Positives:
- Nifty closed above an important support 17380
Disclaimer:
- View expressed are of personal in nature. consult your financial advisor before taking any decision of investment
- We are not SEBI registered
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.
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.