Is it going to be correction or jus a break for uptrend

NSE:NIFTY   Nifty 50 Index
Nifty has suddenly took a break after reaching 13700 levels as rise in new covid strain cases in uk... as of now it is breaking support levels around 13250.... targets to watch out are 12917, next down side 12653, next 12389... possibly 12650 has higher potential as 50sma could support 12650 range for nifty ... suggest no new investments until market settles... stay short on nifty and neutral on new investments


wow it touched 14000.. today last day of december as i hav mentioned on nov 16th
+1 Reply
which support and resistance does it use ?
hemanthke vishal45
@vishal45, usually we all know markets move in trends.... it depends on how we read and interpret ... be it moving averages or pivotpoints.etc., .. . Depending on ur trading system.... the one i mentioned was based on fibonacci
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