Nifty Bottom Forming? “Be Greedy When Others Are Fearful”Hello Everyone, i hope you all will be doing good in your life and your trading as well. Let's discuss about nifty and analysis some next move.
Guy's after a sharp correction in Nifty, signs of a potential bottom are finally emerging. Yesterday’s price action, supported by strong volume and the appearance of an Abandoned Baby candlestick pattern , indicates that we might have witnessed a key reversal day. The price held firm near a crucial support zone, and with most stocks near 52-week lows, we could be staring at a solid bounce opportunity.
This is exactly when smart money starts accumulating — when fear is high and hope is low. A price rally towards the upper channel resistance looks probable, provided Nifty sustains above the breakout zone.
echnical Highlights:
Reversal Signal: Formation of Abandoned Baby pattern near support
Volume Spike: Indicates possible institutional buying near bottom
Support Zone: Price reversed from key area, aligning with earlier channel lows
Resistance Target: 23,200-23,300 – upper boundary of the falling channel
Market Outlook:
With the broader market showing deep corrections across sectors (some 30–35% down from highs), this zone could be a powerful accumulation range. From Banking, Pharma, Chemicals, to IT and FMCG , many sectors are offering long-term value. As global sentiment improves and short-term panic fades, we may see Nifty lead a recovery move supported by sector rotation.
Rahul’s Tip
Bottoms aren’t confirmed by green candles alone, but by conviction + price behavior near support. Stay calm, follow structure, and let the chart do the talking.
Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.
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