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NiftyPredictor
Jun 19, 2022 2:37 AM

Is NIFTY50 in correction or crash mode? Short

Nifty 50 IndexNSE

Description

Update on last 4 NIFTY Predictions : 4/4 Correct with precise targets.

EMA150 is very curious.

In the 4 drawdowns of bear markets, it has touched when it was a crash
It bounced off from around 25% when it was just a correction

Sep 2022 - Looks like make or break. Coincidentally US Recession is more or less confirmed that month since June quarter GDP data is out. (2 Q -ve GDP is Recession)

EMA200 and EMA100 were conclusively broken or untouched at monthly for me to make any assumptions.
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