What do we have in store for Nifty? Pre-Budget Analysis
Nifty seems to just do breakout and retest from the downtrend since the previous 18600 top. We did a 78.2% retracement of the recent rally(trend channel).
Risk-Reward is in favor of longs here! However, the we need a close above 17600 for confirmation.
Risk-Reward is in favor of longs here! However, the we need a close above 17600 for confirmation.