Sachinsyd

$NIFTY at 150% Fib ext shld stop and turn down

Short
Sachinsyd Updated   
NSE:NIFTY   Nifty 50 Index
$NIFTY at 150% Fib ext shld stop and turn down
Comment:
The gap under 9000 should be filled in coming months at least which also happens to be swing high of Sept 16. Below that is all imp 200DMAs which is rising gradually so the support is dynamic
Comment:
RSI looks like making a last hurrah and MACD is already turning negative
Comment:
GST going live on 1 July could make the market nervous ! Sell the fact theory comes in play so profit taking should happen over the course of next few months. Sell rallies as long as under ATH on closing basis

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.