#NIFTY50 Poised for a Powerful Rebound: Aiming for 30,000!

The NIFTY50 index may reverse from the channel's bottom and aim for the 2.618 Fibonacci level before retracing towards the 1.618 Fibonacci level, which coincides with the low recorded on June 4th. This could pave the way for a final upward move towards the 30,000 level, aligning with the channel's top.