Nifty 50 - Short term correction
Nifty 50 is in a upward trend. To sustain it a correction is necessary. Between feb and march Nifty 50 might retrace to 0.618 fib levels. That would be around 10500. RSI shows a down trend and MACD is also moving towards a cross over.
However we need to keep a close look as budget on Feb 1 might influence the direction of Nifty 50.
Do your own research before getting into any trade!
However we need to keep a close look as budget on Feb 1 might influence the direction of Nifty 50.
Do your own research before getting into any trade!
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