NIFTY STAY SHORT OR NEUTRAL BUT NOT BULLISH
1.We can clearly see a double top formation which is still not completed. also there is a green trendline to which candles have given breakdown closed with retesting the levels.
2.but if if use fibonacci tool we can see the retracement is happen is not yet have test even 38.2% levels. so if sgx nifty closed in green we can expect market to open gapup on 16/3/2021 and may expect consolidation but both of them have low probability.
3. levels to note.
A. T1=14860 levels
T2=14750 levels
SHIVAM MISHRA
-MGB
2.but if if use fibonacci tool we can see the retracement is happen is not yet have test even 38.2% levels. so if sgx nifty closed in green we can expect market to open gapup on 16/3/2021 and may expect consolidation but both of them have low probability.
3. levels to note.
A. T1=14860 levels
T2=14750 levels
SHIVAM MISHRA
-MGB
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