Today, " Nifty 50 has a strong support near to 8K mark. This important support level (50 per-cent Fibonacci retracement of the newely upside move) provided a decent support to the market. As a result, the index recovered and eventually formed a 'Dragonfly Doji' pattern on the daily chart. Going ahead, a minor jump backwards 8,120-8,180 levels cannot be ruled out," reports said.
Today, the S&P500 index strike the 2,100 mark for the first time since August month. Asian markets rallied on Tuesday morning. The native market played a catchup. "On the other side, a sustainable move below 7,950 may trigger pessimism in the market.
Read More news : Bank nifty futures tips
No comments:
Post a Comment