Nifty exhibiting weakness ,reversal or retracement?
Dragged by IT sector and Reliance
Nifty exhibitng weak ness.
So is this end of this rally?
Our market has shown that it has decoupled from the world market.
Now lifting covid restrictions in china positive sentiment is developing towards
chinese market.Unless nifty closes above 18569 it has probability of decling further
even towards 17536.
now niity ia at vital support if it breaks it it may go down to 18298,
it will take support there.and if nifty holds 18496 then 18582 will act as resistance.
Happy trading.
Please do go through my chart of bank nifty and nifty
Nifty exhibitng weak ness.
So is this end of this rally?
Our market has shown that it has decoupled from the world market.
Now lifting covid restrictions in china positive sentiment is developing towards
chinese market.Unless nifty closes above 18569 it has probability of decling further
even towards 17536.
now niity ia at vital support if it breaks it it may go down to 18298,
it will take support there.and if nifty holds 18496 then 18582 will act as resistance.
Happy trading.
Please do go through my chart of bank nifty and nifty
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