Hello Friends hope you are well today we are going to talk about nifty50. Let me tell you first this is analysis for the monthly chart it means the levels may come in next month or in coming week.
So as you can see the monthly chart on my setup. See the price is always moving with it 5MA (either as support or as resistance) Here it is clearly seen that price is taking support of 5 MA (blue colored line) so now nifty 50 is coming downside to retrace its 5 MA value on monthly basis which is approx 17120. Currently nifty is trading at 17400 level so it may fall upto 17120 and if volume doesn't support and buying doesn't come then be ready for crash. Or we can say it's a good time to do buying in SIP mode so dear friends keep your fund ready for doing SIP. if you like my blog the pls share it to your friends and keep replying and asking to me if you have any doubts.
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