Indice NIFTY 50
Short

NIFTY - "Bearish Sign" & the "Stimulus Package"

448
NIFTY index:
CLOSED @ 9859
LOW @ 9731

As per the international market closing, we are sure that on Monday the market will be open negative. There was a strong reversal indication from NIfty on Thursday; as the Resistance at 9900 price point was very difficult to break.
Also, the market has reached a healthy Fibonacci retracement level of 50%. We can see a fall upto 61.8% (8450 levels) retracement of the current wave in the coming days.

Strong Resistance at 9900
Strong Support at 9700,9600

The market will remain negative but keep eye on the next stimulus package declaration from the central government. This news can help the market to gain upto 200 points.

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