#Nifty directions and levels for April 23rd.
Good morning, friends! Here are the directions for April 23rd:
The global market trend is moderately bullish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bullish trend. It might open with a gap-up start, as suggested by GiftNifty, showing a +30 point increase.
Nifty experienced a minor pullback with some consolidation in the last session. There have been no changes in the previous sentiment. GiftNifty suggests a minor gap-up start, so the market may open positively; after that, if it sustains, we can expect a rally continuation with minor consolidation, targeting a minimum of 22476. If you're wondering whether it may reach the fib level of 78%, the answer is, if the rally has a solid structure, then it may reach the fib level of 78%; otherwise, it will be rejected above the level of 22476.
Similarly, alternative variations also suggest the same bullish sentiment. Until the market breaks the previous minor swing low, it may take a range market to rally continuation. On the other hand, if it breaks structurally, we can expect a minimum of 38% fib correction.
The global market trend is moderately bullish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bullish trend. It might open with a gap-up start, as suggested by GiftNifty, showing a +30 point increase.
Nifty experienced a minor pullback with some consolidation in the last session. There have been no changes in the previous sentiment. GiftNifty suggests a minor gap-up start, so the market may open positively; after that, if it sustains, we can expect a rally continuation with minor consolidation, targeting a minimum of 22476. If you're wondering whether it may reach the fib level of 78%, the answer is, if the rally has a solid structure, then it may reach the fib level of 78%; otherwise, it will be rejected above the level of 22476.
Similarly, alternative variations also suggest the same bullish sentiment. Until the market breaks the previous minor swing low, it may take a range market to rally continuation. On the other hand, if it breaks structurally, we can expect a minimum of 38% fib correction.
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