Nifty 50 IndexUpdated NIFTY 50 should be reversed from 8150-8000 level, Last Hope!
When Vix index is above 62 level its difficult to analyse, its purely sentimental. But I feel, we can rely on historical pivot level to asses the support.
we can see Fibonacci retrenchment level of 78.60% at 8000 level, which is 5 years back level, that same level represent historical support.
so, it critical point.
Best way to avoid further mess, SEBI should impose a ban on short selling otherwise it will keep on coming down.
we can see Fibonacci retrenchment level of 78.60% at 8000 level, which is 5 years back level, that same level represent historical support.
so, it critical point.
Best way to avoid further mess, SEBI should impose a ban on short selling otherwise it will keep on coming down.
Note
Today, 20/03/2020, Nifty level unable to cross 23.60% level of Fibonacci retrenchment
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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.