Will we see Nifty bounce up from here? Or would it break the important support of 23277?
My guess, we should see some recovery from here towards 24700-25300.
S&P Vix and Nifty are more closely correlated than one thinks.
The movements between the 2 resembles an identical, thou not exact, mirror image.
Will this be the top for Nifty as Vix rises from here?
Seems like a bounce is ready to happen in Nifty. From the current levels, it won't be surprising to see Nifty trying to stretch out to 18,000 levels before heading back down (Probably!)
Only time will tell, but as of today, 5th March 2022, I am optimistically looking forward to the next week for an upside potential.
A truce in Ukraine could be a major factor at...
Was 2008 a one off case or is the pattern repeating and are we headed to another blow off top, before everything tumbles down?
Only time will tell, but it's definitely a time to be cautious.
#Nifty #Investing #StockMarket #Patterns #Channels
