Sell niftynifty making hanging man and hammer pattern in day chart. here market will not goes up as you think, it came down before a bull run.
Sellnifty
Nifty#Reasons
1) Nifty trend still bearish as per dow theory.
2) Fibo magic no. 61.8% (17424.3) Facing strong resistance.
3) Facing Resistance trend line
4) RSI making lower high
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
NIFTY - Where does the fall stops now ??The world is falling apart and INDIA is not untouched with global economies linked tightly as ever it is now
the CONFLICT of Russia Ukraine will drag all the economies directly or indirectly in the crisis situation
we are comparatively resilient economy from demand side but our concerns with OIL Import bill will grow as the crisis deepens
for NIFTY it breached the FIB levels of 0.78 got breached today and close was just above 16230.45
Monthly support stands at 15850-890 and 15380-440 range
the FIB levels are standing at 0.618 at 14366, 0.5 at 13057, 0.38 at 11748, 0.23 at 10129
NOTE - Consult your financial advisor before taking any buy or sell decision on my view
