Nifty - Possible Scenario
تم تحديثه
Possible Nifty scenario based on support and resistance trend lines.
Assuming current bear phase is continuing and the current upswing is just a short covering.
Resistance for current up move @ 8170 (+/- 10 points) and target is 61.8% retracement @ 7650.
This will also complete the last wave of down move and then possibly pre-budget rally starts by mid January.
Assuming current bear phase is continuing and the current upswing is just a short covering.
Resistance for current up move @ 8170 (+/- 10 points) and target is 61.8% retracement @ 7650.
This will also complete the last wave of down move and then possibly pre-budget rally starts by mid January.
ملاحظة
Nifty has touched 8210 the resistance at red line and fallen. The possible scenario still holds. If it falls below 8122. The current rally would be over.
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