#nifty directions and levels for oct 26th

26 Eki 2023

"Good morning, friends! As of October 26th, there is no significant difference from the last session. The global market sentiment is moderately bearish, as indicated by the Dow Jones. However, our market is also bearish. It may open with a significant gap-down. After that, if the market consolidates or breaks the support levels, the correction will likely continue. On the other hand, if it sharply rejects around the immediate support level, then we can expect a 23 to 38% pullback wave. If there are any changes in this direction, I will inform you during the mid-market."