Viv123

Viv123

On monthly chart, Nifty has closed below its opening levels for 5 consecutive months. (Octber24-Feburaru,25). This also suggest that nifty might close above March opening. That means the bottom for March might be in place. Based on these points I feel nifty might be headed towards 23500-23700 levels in March, 25 or early April,25.

Viv123

On monthly chart, Nifty has closed below its opening levels for 5 consecutive months. (Octber24-Feburaru,25). This also suggest that nifty might close above March opening. That means the bottom for March might be in place. Based on these points I feel nifty might be headed towards 23500-23700 levels in March, 25.

Viv123

If nifty has exhausted the down move for a while, where does it go from here? The previous rally was 1594 points, this sets a target of 23559 for nifty if an equal move was to take place. This also coincides with the .382% retracement of the entire down move which is placed at 23612. Equal move of previous rally at 23559. Retracement 38.2% at 23612. Highest close...

Viv123

If nifty has exhausted the down move for a while, where does it go from here? The previous rally was 1594 points, this sets a target of 23559 for nifty if an equal move was to take place. This also coincides with the .382% retracement of the entire down move which is placed at 23612. Equal move of previous rally at 23559. Retracement 38.2% at 23612. Highest close...

Viv123

Nifty on daily chart made a near equal move (11.5%) in 2 legs. This can be a possible point of downward exhaustion. The low (21964) of 4th March,25 is also very close to the wide range Modi election bar (4 June,24) at 21884. This could be another area of exhaustion matching with double bottom. If nifty has exhausted the down move for a while, where does it go...