Correction at nifty 50 index expected soon!!

31 thg 1, 2022

According to fibonacci retracement, the market to have a correction in the month of february and nifty to touch 16400 points, approximately. As per the pattern detected in graph, the trend will be in down trend as lower highs and lower lows are generated. Support will be generated at 16800 points where the graph will be above 20 MA and 200 MA (20 MA above 200 MA).