Possible Scenarios for NIFTY

8 feb 2022

These might be the following scenarios for NIFTY in the coming days. I am more towards the bullish side but nobody can predict the market wih 100% accuracy. All the best!

8 feb 2022

Nota

Market reacted to the trendline, no breakdown yet.

10 feb 2022

Nota

Price bounced from the trendline

14 feb 2022

Nota

Huge Gapdown today, price is resting on 200ma for now. I think the possible explanation is the fear of war due to conflict between Ukraine and Russia.