Nifty Positive opening on 24th Dec 2020

Nifty Positive opening on 24th Dec 2020


Today end of the day market scenario shows that the nifty future is bullish and started breaking the higher retracements.

As per Fibonacci level  nifty future has taken support of 13530 and proceeded towards next level but just before the end of the day market has shown bullishness along with increment of the volume.

SO, it is expected if nifty future breaks 13632 level and stands then there will be a greater chance to go upwards and target would be around 13700/13750 level.

Please check the given chart. 

* I considered Nifty Future Chart for this analysis.
* This thought process has given as todays scenario and this may entirely change because of any     negative news in the market.
* This is for educational purpose only.

A dynamic professional with around 22 years’ rich experience in Marketing, Business Development and Business Analysis. But above all, a passionate Capital Market Analyst and option trader for last 20 years with in NSE/ BSE and cryptocurrencies.