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Finnifty"The global market indicates a neutral to negative start. The market nature is moderately bearish, and it may start with a gap-down. After that, if the market consolidates around the swing low, we expect a harmonic demand zone (HDZ). However, if the market rejects around the swing low, we expect a pullback that will reach a minimum of 23 to 38% fib level. On the other hand, if the initial market take pullback, then we expect a range-bound market as per the structure."
NSE:CNXFINANCEShort
by Manickamtraders
FinniftyGood morning, friends. The global market is indicating a negative start. Structurally, the market is moderately bullish. It may start with a gap-down. If the market takes a sharp pullback after that, we can expect a continuation of the rally. On the other hand, if the initial market decline is sharp, it may reach 38%, which is a major support zone. The market should reach this zone with minor consolidation, then only we can expect a pullback. If the market reaches this zone with a sharp correction, there is a possibility of further decline.
NSE:CNXFINANCE
by Manickamtraders
Finnifty#finnifty - Happy morning friends. Today our market has RBI monetary policy meeting. This is an important event. Therefore, most likely the market will follow the event. But my point is that The global market indicates a positive start. The market nature is moderately bullish. It may start with Gap-up. After that, if the market rejects around hsz to swing high, then we will expect a minor correction. On the other hand, if the initial market declines sharply, then we will expect a correction. That should break the fib level of 38%.
NSE:CNXFINANCELong
by Manickamtraders