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mdparmar23
Feb 27, 2021 6:01 PM

Nifty Outlook 

Nifty 50 IndexNSE

Description

There is possibility that it can try to fill gap and protect 55 ema level which is also 0.618 Fib. retracement value(14300) of last up move from 13596 to 15431 and gap support. Gap support, Fib retracement and 55 EMA all three are coincide at same level.
2nd possibility - If gap down opening bellow 14340-50 in this week, it will create cluster island. Logical target of this pattern is height of Cluster island, which is 13500
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