NIFTY fall & probability observation1) On Aug 5th, 2024 - Nifty's low (23,893.70).
2) On Nov 12th, 2024 - Nifty broke Aug 5th low and fell (-2.64%).
3) On Nov 21st, 2024 - Nifty's low (23,263.15).
4) On Jan 13th, 2025 - Nifty broke Nov 21st low and fell (-2.10%).
5) On Jan 27th, 2025 - Nifty's low (23,786.90).
As per the above observations of NIFTY chart data, Every time when nifty broke the previous low It fell an average of (-2%).
> The fall % difference between the (Aug 5th, 2024 to Nov 12th, 2024) is (-2.64%) - (-2.10) = 0.54%.
> Observing, Assuming and Applying this % difference data with the Jan 27th, 2025 low (23,786.90),
That is, (2.10% - 0.54%) = 1.56%
23,786.90 - 1.56% = 22,431.
-> FIB Retracement - Marking the Nifty's election day's (Jun 4th, 2024) low of 21,281.45 and Nifty's All Time High (Sep 27th, 2024) 26,277.35, The next level (0.786) of fib retracement comes around 22,350.
-> The above observation data collides with Fib Retracement.
Final Comment: If nifty breaks the level of (22,786.90), The next support would be 22,400 to 22,350. If it breaks further, Nifty may test the most major support of 21,800.
Niftyfall
NIFTy Hourly Retrace 61% swing Set upHello everyone,
Nifty falling 3rd consecutive day from 24660 to 23880 reatrace 61% fibbonacci and RSI also overold for hourly chart sustaining above 24000 give more power to buyers,
fed cut the rates by 0.25basis but commented no changes in coming year leads to fall of global markets,
expecting upside swing momentum till 24500,24700,25000. below 23800 go more panic for 23500,23300,23000
Nifty may Decline 2000-3000 points from Given RangeWave (5) started from 23894 achieved its projection range and its sub wave 5 started from 24753 is also achieved its range and even extended so Nifty may give quick 1000 points fall from given range in chart and eventually it may decline 2000 to 3000 points from given range.
26200 is the Invalidation level for this analysis.....
NIFTY PREDICTION FOR LONG TERM.NSE:NIFTY Has corrected 9-10% from all time high. Majority of the correction has come from FII profit booking. Nifty closed below 17000 today, which can be either a bear trap or a bearish continuation.
Nifty has strong support at 200 EMA and if that fails to support, 16000-15500 is the next major support zone.
My prediction is displayed on the chart. If Nifty decisively sustains at 17700-800 levels, I will have more conviction towards my prediction but for now markets show no sign of strength.
THIS IS MY FIRST INDEX ANALYSIS. VIEW MAY GO TERRIBLY WRONG.