NIFTY support level looks between 24000-23890 and also RSI of NIFTY is close to oversold.
Expectation for next week, we may see more dip till support level which will push RSI to oversold zone, and from there bounce back is expected.
If you see the history of NIFTY 50, it has never stayed in oversold zone for more than 2-3 days, only if we have global crisis.
This is just a study based on technical indicators and experience, My study can go wrong.
Hope for the Best.
Expectation for next week, we may see more dip till support level which will push RSI to oversold zone, and from there bounce back is expected.
If you see the history of NIFTY 50, it has never stayed in oversold zone for more than 2-3 days, only if we have global crisis.
This is just a study based on technical indicators and experience, My study can go wrong.
Hope for the Best.
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Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.