Nifty 50 General Observation on weekly chart
Whenever Nifty retrace it's not more than 15 % on average.
If its more than that it is considered as downtrend and most likely it correct around 25 % on average.
Currently, Nifty crosses below 15 % from its all time High, and if it continues the trend, the 1st support will be around 10K. (20%) and 2nd support around 9100 (25%).
If its more than that it is considered as downtrend and most likely it correct around 25 % on average.
Currently, Nifty crosses below 15 % from its all time High, and if it continues the trend, the 1st support will be around 10K. (20%) and 2nd support around 9100 (25%).
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