Nifty has recently retested a key Fibonacci retracement level, which coincides with a well-defined supply zone on the higher timeframe. The price action suggests strong resistance absorption in this area, followed by a period of sideways consolidation — often a precursor to a decisive move.
Unlike previous market cycles, the Indian indices are showing relative strength and reduced correlation with US markets, indicating a potential domestic-driven breakout scenario.
A short-term shakeout or liquidity hunt cannot be ruled out before the index establishes a clear direction. If the current structure holds, we could see a one-sided rally towards the 32,488 zone in the upcoming sessions.
📊 This is my personal technical view, not financial advice.
⚠️ I am not a SEBI-registered analyst. Please do your own research and risk assessment before taking any trades.
Unlike previous market cycles, the Indian indices are showing relative strength and reduced correlation with US markets, indicating a potential domestic-driven breakout scenario.
A short-term shakeout or liquidity hunt cannot be ruled out before the index establishes a clear direction. If the current structure holds, we could see a one-sided rally towards the 32,488 zone in the upcoming sessions.
📊 This is my personal technical view, not financial advice.
⚠️ I am not a SEBI-registered analyst. Please do your own research and risk assessment before taking any trades.
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。