This is the 4-hour timeframe chart of the Nifty 50.
The index is currently holding a strong support zone in the range of 22,150–22,400. Previously, Nifty has shown a sharp reversal from this zone, which led to an upside move towards 24,700–24,800.
Nifty has historically shown a tendency to decline around 6.25% during regular corrections. In case of a major bearish phase, the index has recorded falls of nearly 17%, and such a decline could again find support around the current zone.
If this support zone continues to hold, the ongoing pullback is likely to stabilize around the 24,400 level, potentially leading to another upward move.
Thank you.
The index is currently holding a strong support zone in the range of 22,150–22,400. Previously, Nifty has shown a sharp reversal from this zone, which led to an upside move towards 24,700–24,800.
Nifty has historically shown a tendency to decline around 6.25% during regular corrections. In case of a major bearish phase, the index has recorded falls of nearly 17%, and such a decline could again find support around the current zone.
If this support zone continues to hold, the ongoing pullback is likely to stabilize around the 24,400 level, potentially leading to another upward move.
Thank you.
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.