Hey guys, currently nifty this week fall more then 4%, due to holidays FII are selling highly.
If you see the chart you can see nifty currently just above of 50WMA after huge selling pressure it still above the 50WMA, if this will break next week onwards we will enter a bear market for short term period, so in my opinion this is now a crucial moment so keep cash in hand for buying in the dip.
Another scenario if nifty will bounce break from this level or first breaking 50wma then trap all bears and then bounce back above 50WMA that will also good for nifty to continue its trend to 30K.
If you see the chart you can see nifty currently just above of 50WMA after huge selling pressure it still above the 50WMA, if this will break next week onwards we will enter a bear market for short term period, so in my opinion this is now a crucial moment so keep cash in hand for buying in the dip.
Another scenario if nifty will bounce break from this level or first breaking 50wma then trap all bears and then bounce back above 50WMA that will also good for nifty to continue its trend to 30K.
Telegram Link- t.me/stocksblaze
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
Telegram Link- t.me/stocksblaze
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.