Is this the end of Bear run in Nifty ??

28 сент. 2022 г.

In last couple of days we have seen a lots of correction in nifty. Even today we saw lots of volatility in index but it ended with a Doji and Sgx Nifty trading above 17k( Above 200 MA). In a 15 Min TF index is in LL patter and if index opens above 17k then certainly it will break the pattern a possible up move can be seen and this may be the bottom of the correction. If the index failed to sustain above 17k then possibly it will open doors for further correction. Further move of index is depended on breakout & breakdown from 16800-17000 range.