NIFTY EXPECTED TO FALL UNDER 9000.
Dear All,
Based on My Research on Nifty, it is under OverSold Zone (RSI 23). Based on Fibonacci retracement now Nifty is on 0.5(9590) and might be fall to the Gold Ratio 0.618 which is 8954. From there the next support will in near on 0.786 (8015). So in few day or a week Nifty will come near 8000. if the virus fear continuous the market touch this critical point.
Note : This is my view on Nifty, Kindly do your own analysis before entry any position.
Thanks & Regards,
Ganesh
Market GM.
Based on My Research on Nifty, it is under OverSold Zone (RSI 23). Based on Fibonacci retracement now Nifty is on 0.5(9590) and might be fall to the Gold Ratio 0.618 which is 8954. From there the next support will in near on 0.786 (8015). So in few day or a week Nifty will come near 8000. if the virus fear continuous the market touch this critical point.
Note : This is my view on Nifty, Kindly do your own analysis before entry any position.
Thanks & Regards,
Ganesh
Market GM.
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