21830 remains a stiff resistance for NIFTY.
After a good bull run, I expect a decent correction in our markets.
The euphoria attached to Ayodhya and the Budget is over now, and the Market has to face the next uncertainty in the form of Elections in a few months.
As per Elliot wave analysis, Nifty is likely to fall by 1400 points over the next ten days. (I'm expecting it by Feb 9, though time analysis may not be accurate).
1400 points fall correlates to 1.618 of fibonacci and also fills the gap formed in nifty around 20300 levels.
The market is always right, and it can always surprise us. So trade with caution.
After a good bull run, I expect a decent correction in our markets.
The euphoria attached to Ayodhya and the Budget is over now, and the Market has to face the next uncertainty in the form of Elections in a few months.
As per Elliot wave analysis, Nifty is likely to fall by 1400 points over the next ten days. (I'm expecting it by Feb 9, though time analysis may not be accurate).
1400 points fall correlates to 1.618 of fibonacci and also fills the gap formed in nifty around 20300 levels.
The market is always right, and it can always surprise us. So trade with caution.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.