MARKET – FEAR OF WORLD WAR 3?
UNLESS PRICE SUSTAIN ABOVE 9163-9195 THIS CORRECTION WILL TAKE LARGER ONE. BELOW 9075 NIFTY CAN DIP UP TO 9039. IF 9039 BROKEN ON CLOSING BASIS WE CAN SEE 8975-8750 LEVEL.
IF CLOSED ABOVE 9195 ON WEEKLY BASIS THEN UPTREND WILL RESUME AND CAN SEE NEW HIGH.
SO TWO ALTERNATIVES NOW:
1- ABOVE 9195 WILL SEE NEW HIGH SUPPORT 9039 MUST HOLD THIS MONTH.
2- BREAK OF 9039 WILL SEE 8750 LEVEL & BELOW.
RSI TAKEN THE SUPPORT AND MUST HOLD ABOVE IT ELSE BIG CORRECTION CAN SEE.
UNABLE TO SUSTAIN ABOVE 9160 NIFTY WILL FALL AGAIN BELOW 9075 TARGET 9040NS.