#Nifty directions and levels for February 2nd.
#Nifty
Good morning, friends. As of February 2nd, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment also shows a moderately bullish trend. It might open with a gap-up start based on Giftnifty, which shows +170.
Nifty has a consolidation structure, so as per the structure, if the consolidation breaks, then we can expect a strong rally continuation. We can anticipate a move up to 78% to SZ(21012).
Alternatively, if the market doesn't reach 78% with a solid structure, then it might turn into correction when it reaches 78%. Because if the market reaches there with consolidation, it might be in the 5th diagonal wave. So once the 5th wave completes, it will turn into a correctional wave.
Good morning, friends. As of February 2nd, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment also shows a moderately bullish trend. It might open with a gap-up start based on Giftnifty, which shows +170.
Nifty has a consolidation structure, so as per the structure, if the consolidation breaks, then we can expect a strong rally continuation. We can anticipate a move up to 78% to SZ(21012).
Alternatively, if the market doesn't reach 78% with a solid structure, then it might turn into correction when it reaches 78%. Because if the market reaches there with consolidation, it might be in the 5th diagonal wave. So once the 5th wave completes, it will turn into a correctional wave.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.