Good morning, friends! Here are the directions for April 10th:
There have been no changes since the last session. The global market trend is still moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a bullish trend. It might open with a slightly neutral to a gap-up start, as suggested by Giftnifty, showing a +60 point increase.
Nifty has retraced 38% after the gap-up in the last session. Structurally, 38% is a strong support level. Therefore, if the gap-up sustains, initially we can expect a range-bound market within the range of the last trading day. Directional movement will occur only if it breaks the range either to the upside or downside.
Alternatively, if the gap-up doesn't sustain, it might turn into a correction phase. However, it should break the Fibonacci level of 38%. If it does break, we can expect a minimum range of 22,558 to 22,501.
There have been no changes since the last session. The global market trend is still moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a bullish trend. It might open with a slightly neutral to a gap-up start, as suggested by Giftnifty, showing a +60 point increase.
Nifty has retraced 38% after the gap-up in the last session. Structurally, 38% is a strong support level. Therefore, if the gap-up sustains, initially we can expect a range-bound market within the range of the last trading day. Directional movement will occur only if it breaks the range either to the upside or downside.
Alternatively, if the gap-up doesn't sustain, it might turn into a correction phase. However, it should break the Fibonacci level of 38%. If it does break, we can expect a minimum range of 22,558 to 22,501.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。