Nifty @ Key support
While our markets are teasing a bear market with the non-stop FII selling..
We've already broke below the 200EMA and now sit on a strong support which needs the hold..
Currently sitting on the 50WEMA + Channel bottom which we've bounced from 4 times + key Fibo level of this move.
If this level holds we could get a good bounce..but if there is a breakdown..it might be more prudent to then reduce trading/sit on higher cash amounts because we've then officially hit bear market territory.
We've already broke below the 200EMA and now sit on a strong support which needs the hold..
Currently sitting on the 50WEMA + Channel bottom which we've bounced from 4 times + key Fibo level of this move.
If this level holds we could get a good bounce..but if there is a breakdown..it might be more prudent to then reduce trading/sit on higher cash amounts because we've then officially hit bear market territory.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.