The_Chartistt
Short

NIFTY, HISTORY REPEATS ?

NSE:NIFTY   Nifty 50 Index
WE CAN SEE IN NIFTY PREVIOUSLY FORMED THE SAME PATTERN AND THEN PT GAVE GOOD RUN AFTER CORRECTING. WE MIGHT SEE THIS SAME RUN UP IN NIFTY IN COMING DAYS.


LEARNING ONLY.

Comments

The NIFTY is a fascinating index. Based only on experience of the index, I think your first correction is a reasonable estimate.

NIFTY tends to follow the DJI in strange ways. It tends to hesitate when there is major a correction on the DJI by a few hours, and it's like major panic follows an they dump stock. Similar picture seen on the DAX and AUS200.

The Indian economy is in a mess, and recently propped up (like in the US) by the hot air of reckless money printing. I can only suspect that live players in the NIFTY are major gamblers. COVID is decimating India. As reality comes to bite - confidence in its top 50 is likely to wane.

But I don't know when the next downpour of rain in my area will start, so don't ask me when the NIFTY is likely to make a major sustained movement south.
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