Gift Nifty is showing a positive start, and the OI chart also indicates a positive trend. If the market sustains the gap-up, we can expect a continuation of the rally with some consolidation.
However, based on the current structure, the gap-up won’t sustain. If this happens, we can expect a correction of at least 38% to 61% in the minor swing. (Current view)
However, based on the current structure, the gap-up won’t sustain. If this happens, we can expect a correction of at least 38% to 61% in the minor swing. (Current view)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.