What can we expect today?
In the previous session, both Nifty and Bank Nifty fell sharply. Structurally, the trend remains negative.
However, due to major firms' results, we might see some volatility in the first half, possibly leading to initial speculation.
That said, as per the structure my expectation is a continuation of the correction that's my current view
The alternate view is If the market takes an initial pullback, we could see a 23–38% retracement in the minor swing. Even in this scenario, the bias remains bearish unless the 38% Fibonacci level is broken.
A break above 38% could extend the pullback toward the 50–78% levels.
In the previous session, both Nifty and Bank Nifty fell sharply. Structurally, the trend remains negative.
However, due to major firms' results, we might see some volatility in the first half, possibly leading to initial speculation.
That said, as per the structure my expectation is a continuation of the correction that's my current view
The alternate view is If the market takes an initial pullback, we could see a 23–38% retracement in the minor swing. Even in this scenario, the bias remains bearish unless the 38% Fibonacci level is broken.
A break above 38% could extend the pullback toward the 50–78% levels.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.