Nifty Metal - The most important indicator of Global Markets.....
1. The levels of Nifty Metal is indicating towards a sharp volatility in global indices in coming days.
2. It has tried getting out of the channel twice but has not been succesful. This is the third attempt, Incase it fails this time we can see a
sharp fall downwards that will be reflection of a sharp correction in the Global Indices.
3. The previous time this same pattern happened was in Jan 2020 at the initial stage of Covid 19 cases. We are again under the fear of second
wave of the pandemic.
4. Metals have always been affected severely because of any news from China front. Any escalation in the current Geopolitical tensions
around India China border will have a massive impact on all, especially after all the major world forces have now started getting active in
this war of words.
BE WATCHFUL..........!!!!!!!!!!!!!!
1. The levels of Nifty Metal is indicating towards a sharp volatility in global indices in coming days.
2. It has tried getting out of the channel twice but has not been succesful. This is the third attempt, Incase it fails this time we can see a
sharp fall downwards that will be reflection of a sharp correction in the Global Indices.
3. The previous time this same pattern happened was in Jan 2020 at the initial stage of Covid 19 cases. We are again under the fear of second
wave of the pandemic.
4. Metals have always been affected severely because of any news from China front. Any escalation in the current Geopolitical tensions
around India China border will have a massive impact on all, especially after all the major world forces have now started getting active in
this war of words.
BE WATCHFUL..........!!!!!!!!!!!!!!