Nifty weekly review 1 - 5 Mar 2020.
As informed in my last week post that Nifty broke very crucial support of 14640 and it gonna restest in this week.
As told Nifty did retest it in the first day of this week and did not face any rejection due to which it cruised above 15200.
Due to profit booking & nervousness among investors it fell very low below 15000 and could not close the week above the 15000 psycological level.
Investors not willing to take risk above 15000 due to weak global cues.
Hence Nifty will be testing support at lower levels in coming week if it breaches below 14909 mark as it is crucial support.
Note: Views only for educational purpose. Consult your financial advisor for any trade.
As told Nifty did retest it in the first day of this week and did not face any rejection due to which it cruised above 15200.
Due to profit booking & nervousness among investors it fell very low below 15000 and could not close the week above the 15000 psycological level.
Investors not willing to take risk above 15000 due to weak global cues.
Hence Nifty will be testing support at lower levels in coming week if it breaches below 14909 mark as it is crucial support.
Note: Views only for educational purpose. Consult your financial advisor for any trade.
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