22nd April nifty daily candle formed a Doji at the top of the rally. It's a sign to be cautious. We can see a retracement of nifty back to 24121 (Spot) which is a fibo level. Once it touches that we can see what will happen next. Even a gapup today don't be bullish and be watchful of price action. With bad news coming through we can see a retracement happening.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.