You are currently viewing NIFTY Opening On 13th Nov 2023

Nifty – I have given both the long term (the 1st chart) and the short term (the 2nd chart) above.
In the earlier analysis , I had discussed the EXPECTED pullback which commenced from 18835 and was expected to be a corrective one. This pullback did materialize as expected and we now see the markets at 19525.
However the nature of this pullback is impulsive which gives rise to a strong POSSIBILITY of markets moving up a little and then correcting FOR A GREAT LEAP UP to around 21500 to complete the triangular formation as shown in 2nd chart.