These might be the following scenarios for NIFTY in the coming days. I am more towards the bullish side but nobody can predict the market wih 100% accuracy. All the best!
Note
Market reacted to the trendline, no breakdown yet.Note
Price bounced from the trendlineNote
Huge Gapdown today, price is resting on 200ma for now. I think the possible explanation is the fear of war due to conflict between Ukraine and Russia.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.