Nifty below 16000 ? Possible
Nifty is in a simple downtrend.
Two Dots of Fibonacci can tell you the next target. Price Regression has given the top which Nifty has reached.
If some new cash printing etc is done, then Price can break this regression channel otherwise I foresee significant selling till 15900.
This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)
Two Dots of Fibonacci can tell you the next target. Price Regression has given the top which Nifty has reached.
If some new cash printing etc is done, then Price can break this regression channel otherwise I foresee significant selling till 15900.
This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)
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