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NIFTY Outlook: Key Levels to Watch
NIFTY is again opening near the 22,800 zone, keeping markets at a crucial decision point.
Two possible scenarios:
• Breakdown Case:
If NIFTY decisively breaks the 22,600–22,700 support range, the next likely bounce zone comes near 21,800.
• Reversal Case:
If NIFTY holds and reverses from the 22,600–22,700 zone, we could see a short pullback towards 24,400, followed by a deeper move down towards 20,500.
Overall View:
There is a strong probability (~80%) that the market is transitioning into a bear phase from the top.
NIFTY is again opening near the 22,800 zone, keeping markets at a crucial decision point.
Two possible scenarios:
• Breakdown Case:
If NIFTY decisively breaks the 22,600–22,700 support range, the next likely bounce zone comes near 21,800.
• Reversal Case:
If NIFTY holds and reverses from the 22,600–22,700 zone, we could see a short pullback towards 24,400, followed by a deeper move down towards 20,500.
Overall View:
There is a strong probability (~80%) that the market is transitioning into a bear phase from the top.
GeeksofNifty
#POSITIONAL BUY ASHOKLEY 170PE ABOVE 5.5 SL 2 TGT 9-14-21+
ASHOKLEY 5 TO 9+
TARGET 1 DONE 🏆 SAFE TRADERS START BOOKING YOUR ₹+ PROFIT OR KEEP SL ABOVE COST & TRAIL AHEAD ⚡
TARGET 1 DONE 🏆 SAFE TRADERS START BOOKING YOUR ₹+ PROFIT OR KEEP SL ABOVE COST & TRAIL AHEAD ⚡
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