NIFTY (NIFTY50) Is Looking Bullish But Watch Out For These Zones

Traders,

Nifty (Nifty 50) Index of India showed weakness around the the first FCP (Fibonacci Confluence Pattern) zone but pushed higher. It is still not looking strong right now for medium to long term. Having said that, do not fight the trend. Take profit profit but watch out for these zone if you are long on Nifty Index. If you are looking for short opportunities then these are also good areas. Whilst there has been weakness in US Indices (SnP500 / SPX500), US30 (Dow Jones) and NAS100 (NASDAQ) there was not much of weakness in Nifty50 except for a minor downward move at the start of the day. So watch out.


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Take care and trade well
-Vik

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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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