As seen in Chart DJI has given huge Gap Down in today’s session and it can head towards its weekly support of 33153.
If Today’s Gap Down is not filled then we may break 33153 level and head towards 31496 or 30996.
If these bearish views are successful then be careful in your long positions since it has been observed that US markets impact other markets globally...
The S&P 500 has shown a decent recovery in the last couple of days. (Inflation woes being resolved?)
The NIFTY is trading very close to its long term Weekly Trendline. Depending on global cues, will consolidate a bit and then make a good move on the upside.
*I reserve the right to be wrong.
For educational purposes only.
Keep watching Global market...any time we can expect a profit booking..
- On January 20, Joe Biden will officially become president - this is an major event in this month
- Finance Minister Nirmala Sitharaman will present Union Budget on February 1
These are the major upcoming events.....keep an eye on it....
Be fearful when others are greedy....
All mentioned & plotted on Chart.
My personal View. If matched, Like & Share
As i am not SEBI regd. analyst, take this study as educational purpose.
For taking trade decision Consult with financial Advisor.