Nifty can bounce back to 10700-10750 after little downward Oct 5
Tomorrow on Oct 5, 2018
Technically Nifty is in down trend, it has broken 0.618 level of Fibonacci, next Fibonacci level is of 10352 and there is support at around 10418.
But there is positive news of price drop of petrol and diesel, so it should bounce back after going few points downward.
Also check RSI charts. Bounce back can be 100 to 150 points.
Technically Nifty is in down trend, it has broken 0.618 level of Fibonacci, next Fibonacci level is of 10352 and there is support at around 10418.
But there is positive news of price drop of petrol and diesel, so it should bounce back after going few points downward.
Also check RSI charts. Bounce back can be 100 to 150 points.
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If it breaks 10,450 approx it can move down further so be cautious
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Nifty can move in the range of 10,500 to 10,700
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Nifty can open 50 points down, please note technically Nifty should move down but due to petrol price and RBI policy news it can recover