Nifty – Please see todays update in conjunction with previous one
The markets did react strongly at 1st resistance level as predicted and moved higher. However The straight fall to “A” points at a 2nd fall forthcoming which may take the markets to even lower level as shown above.
In any case the markets have been mainly led downwards by HDFC BK, Foresee more weakness in coming days (technical correction) in same.
So are we going to have a bigger fall, in a zigzag manner or a one time ABC fall. This can be only decided by future price action.
NIFTY Opening On 20th Jan 2024