#Nifty directions and levels for March 26th.
"Good morning, friends! Here are the directions for March 26th: The global market trend is moderately BEARISH, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-down start, as suggested by Giftnifty, showing a -30 point.
If the Nifty opens neutral or gap-down, then the 38% Fib level will act as support. If it finds support there, we can expect a range-bound market. On the other hand, if it consolidates or breaks that level (the Fib level 38%), then we can expect a correctional wave of a minimum of 61 to 78%.
Alternatively, if the market opens with a gap-up and breaks the previous day's high, then first we should watch the breakout structure. If it has a solid structure, then we can expect sharp moves. If it breaks with less volume, then it may form a diagonal pattern, because if it breaks the previous high, then the 5th wave may continue. The 5th wave is a distribution wave."
If the Nifty opens neutral or gap-down, then the 38% Fib level will act as support. If it finds support there, we can expect a range-bound market. On the other hand, if it consolidates or breaks that level (the Fib level 38%), then we can expect a correctional wave of a minimum of 61 to 78%.
Alternatively, if the market opens with a gap-up and breaks the previous day's high, then first we should watch the breakout structure. If it has a solid structure, then we can expect sharp moves. If it breaks with less volume, then it may form a diagonal pattern, because if it breaks the previous high, then the 5th wave may continue. The 5th wave is a distribution wave."
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.