NIFTY about to correct in coming days

8 Şub 2021

NIFTY is about to correct in the coming days. Any investor/trader looking to buy should wait for another week or so. The MA20 and MA50 are about to come close showing a correction is in place. The correction will most probably be a small one, around 1-2%. Perfect time for any long-term trader to get a position or any short term scalper to short during this time. Approximately by the end of the week (Thursday or Friday) we can expect a mild correction. Nifty will then drop below 15,050.