Long term chart of Nifty is still in uptrend. Recent event of US election has caused some turbulence in the market. Though market has not fallen much (Its just 9% from the top).
People are getting impatient.
Nifty is near 200 day moving average.
Nifty has formed Tweezer bottom pattern near its support.
I think nifty has bottomed out at least for some time now. And its fantastic opportunity to Add NIFTY ETF.
People are getting impatient.
Nifty is near 200 day moving average.
Nifty has formed Tweezer bottom pattern near its support.
I think nifty has bottomed out at least for some time now. And its fantastic opportunity to Add NIFTY ETF.
Note
Nifty fizzeled out. May take supprt at AVWAP 22900
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Disclaimer
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.