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Nifty 50 In Technical Charts: Hinged On The Election Outcome

How will the Nifty trade on Monday after the weekend state election results.

<div class="paragraphs"><p>Technical charts for Nifty show oversold conditions and bearish signals, indicating no imminent reversal; traders are advised to adjust strategies accordingly.</p></div><div class="paragraphs"><p>(Image Source: Antonio Diaz/Freepik)</p></div>
Technical charts for Nifty show oversold conditions and bearish signals, indicating no imminent reversal; traders are advised to adjust strategies accordingly. (Image Source: Antonio Diaz/Freepik)
Market continues to behave as expected and that is certainly a relief! The whole idea of making forecasts is that we can draw a map along which we look for the trends to move so that we can take appropriate actions. In an arena filled with noise, we need all the help we can get. And so it was during the last week. In the earlier letter I had stated “…the next support zone to look for would be the 23215 area, being 61.8% retracement o...
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