Summary:

• Nifty declined around 16% from the top and was down by 5.5% in the past week.
• With this fall, Index reached a positional moving average support on a weekly time frame, which coincides with the role reversal level.
• Nifty has a support range of 15300 to 15000 levels, but there is no bullish reversal sign yet.
• Due to the negative structure, the overall view remains negative, but the relief rally can’t be ignored at the current level due to potential support.
• Moving below the 15000/14900 level, the Index can have further declined up to the 14500 level.
• On the higher side, the Index has stiff resistance in the range of 15700 to 15900 levels.

Comment down below if you have any questions regarding the market. Like this YouTube, if you found it helpful, and subscribe to our YouTube channel for more market-related videos.

To know more contact us on 9930041883 or visit www.finlearnacademy.com.

Join Us On
Discord
https://discord.gg/mtYPnWrWVw
Telegram
https://t.me/joinchat/96ABOeDO5fw4YTJl
Instagram
https://www.instagram.com/finlearnacademy/
Twitter
Tweets by FinLearnAcademy

Please Note: This video is an initiative by FinLearn Academy for education purpose only.