NIFTY is in range of 22200-26200. It is in the range since last 10 qtr. Considering this I believe next bull run or free fall in NIFTY is quite difficult. 10 qtr is quite long time. The swing is not that small as there is a room approx 18% from both low to high.
Only big trigger can hit this too lines are may be some economic reform or tax benefit for FII (as they are constant selling indian market & to protect more depreciation to INR) This kind of announcement can breach the upper level and same if we see some major war or nuclear war like situation or participation of India in any ongoing war may breach the lower channel.
So my view for net 5-7 qtr will be this range only. We may face multiple resistance and support at both end for many internal as well as Geo-polictical short term announcement. But break out or break down is quite difficult. One can plan accordingly as trading in this 18% range can be traded. One can't say it impossible or v much difficult to trade in this.
Do your own due diligence. This is not buy-sell recommendation.
Only big trigger can hit this too lines are may be some economic reform or tax benefit for FII (as they are constant selling indian market & to protect more depreciation to INR) This kind of announcement can breach the upper level and same if we see some major war or nuclear war like situation or participation of India in any ongoing war may breach the lower channel.
So my view for net 5-7 qtr will be this range only. We may face multiple resistance and support at both end for many internal as well as Geo-polictical short term announcement. But break out or break down is quite difficult. One can plan accordingly as trading in this 18% range can be traded. One can't say it impossible or v much difficult to trade in this.
Do your own due diligence. This is not buy-sell recommendation.
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.