NIFTY Prediction
1. Current fall may stop at Green Zone
Green Zone - 1 is approx 22000
Green Zone -2 is approx 20500
2. Retracement expected from Green Zone to Red Zone
- If current fall takes support at Green Support 1, then retracement till above red zone
- If current fall takes support at Green support 2, then retracement till below red zone
3. Red zone will act as strong resistance and then market may fall further till Yellow zones
Final fall 1 is the first support of current NIFTY crash
4. Yellow zones are the end of the current crash; therefore, Nifty will make a new high once it touches yellow zones.
*Note - Market may make all time high from green zones as well but chances seems low at current situation.
1. Current fall may stop at Green Zone
Green Zone - 1 is approx 22000
Green Zone -2 is approx 20500
2. Retracement expected from Green Zone to Red Zone
- If current fall takes support at Green Support 1, then retracement till above red zone
- If current fall takes support at Green support 2, then retracement till below red zone
3. Red zone will act as strong resistance and then market may fall further till Yellow zones
Final fall 1 is the first support of current NIFTY crash
4. Yellow zones are the end of the current crash; therefore, Nifty will make a new high once it touches yellow zones.
*Note - Market may make all time high from green zones as well but chances seems low at current situation.
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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.
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.