NIFTY Daily Candlestick Chart Analysis
9000 was an important point for NIFTY as mentioned in the previous post. At this point, NIFTY could made a gap-down and is currently floating indecisively.
What can we expect at this point?
NIFTY can fall further and the support points are at 8523 and if it doesnt sustain then at 8340. (Both these points are Fibonacci confluence from the market high and 4 different lows.)
From these points there is a chance NIFTY will revive. If it falls further we'll identify new support points.
Wait before buying into this swing.
