- Nifty channel in line chart shows price falling towards the parallel support line.
- Price may give a bounce due to support levels or oversold conditions. Up moves are likely to face selling pressure as the bearish trend looks strong.
- 50% Fib level shown in last chart is next support area if correction extends.
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ReplyDelete@san
ReplyDeleteThank you for the all the great work
Heartly congratulations on 3rd anniversary of the blog
@Madhav
ReplyDeleteThanks for reminding it. I forgot the day (7th April). Unable to concentrate too much on blog these day's because of Intraday trading in NSE and MCX.