I find it difficult to say, but I think that nifty index could go to below 5400 soon(within 4 weeks or 20 tradings days roughly). And the down-trend may even continue after that.
There is a head and shoulders pattern developing on both Daily and Weekly Chart, So just wait for the right shoulder to form and neckline is around 5600 which once broken Nifty will go below 5000 level in a year or two.
I do not trade equity derivatives, including index products. It was only a chart analysis. I have not traded that "prediction", have not made any money on it.
I do not trade equity derivatives, including index products. It was only a chart analysis. I have not traded that "prediction", have not made any money on it.
I do not trade equity derivatives, including index products. It was only a chart analysis. I have not traded that "prediction", have not made any money on it.