NIFTY tested 20000 Psychological level twice so what's next

2023년 9월 30일

What can we anticipate for NIFTY's performance in the upcoming week, given its inability to secure a closing above the significant 20,000 psychological level? In the context of a robust upward trend, the emergence of a bearish weekly candlestick at the 20,000 level may suggest that we are likely to witness a period of price consolidation.

Although I do not trade NIFTY, my interest has been piqued, prompting me to conduct an analysis, particularly since it is currently one of the most widely traded financial instruments.