#nifty

31 août 2023

"Good morning! As of August 31st, the global market sentiment is neutral (based on the Dow Jones alone). The market trend is bearish, and the market might open with a slight gap-up. after that, if the gap-up doesn't sustain and there's a sharp decline, the correction will likely continue. On the other hand, if the gap-up sustains and breaks the 38% Fib level, the market might turn into a range-bound phase. In that case, we should wait for a range breakout."