#nifty

٣ أغسطس ٢٠٢٣

"Good morning! As of August 3rd, the global market sentiment is slightly negative (based on the Dow Jones alone), and the market trend is bearish. Therefore, whether it opens with a gap-up or down doesn't matter. If the initial market experiences sharp declines, we can anticipate a continuation of corrections with minor pullbacks (potentially breaking the previous day's low).
On the other hand, if the initial market undergoes some consolidation, there is a possibility of a 50 to 61% pullback (with the potential to break the 38% Fib level)."