What can we expect today?
In the previous session, both Nifty and Bank Nifty fell sharply. Structurally, the trend remains negative.
However, due to major firms' results, we might see some volatility in the first half, possibly leading to initial speculation.
That said, as per the structure my expectation is a continuation of the correction that's my current view
The alternate view is If the market takes an initial pullback, we could see a 23–38% retracement in the minor swing. Even in this scenario, the bias remains bearish unless the 38% Fibonacci level is broken.
A break above 38% could extend the pullback toward the 50–78% levels.
In the previous session, both Nifty and Bank Nifty fell sharply. Structurally, the trend remains negative.
However, due to major firms' results, we might see some volatility in the first half, possibly leading to initial speculation.
That said, as per the structure my expectation is a continuation of the correction that's my current view
The alternate view is If the market takes an initial pullback, we could see a 23–38% retracement in the minor swing. Even in this scenario, the bias remains bearish unless the 38% Fibonacci level is broken.
A break above 38% could extend the pullback toward the 50–78% levels.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.