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Índice Nifty 50

NIFTY PREDICTION FOR LONG TERM.

Por PriceActionSpotter
NIFTY Has corrected 9-10% from all time high. Majority of the correction has come from FII profit booking. Nifty closed below 17000 today, which can be either a bear trap or a bearish continuation.

Nifty has strong support at 200 EMA and if that fails to support, 16000-15500 is the next major support zone.

My prediction is displayed on the chart. If Nifty decisively sustains at 17700-800 levels, I will have more conviction towards my prediction but for now markets show no sign of strength.


THIS IS MY FIRST INDEX ANALYSIS. VIEW MAY GO TERRIBLY WRONG.
Chart PatternsNIFTYnifty50niftyfallniftylongTrend Analysis
PriceActionSpotter

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