“Following yesterday’s close above 23100, as previously analyzed for the NIFTY, the technical landscape has become moderately intricate. While the current movement remains a pullback, ultimately anticipated to drive lower lows beneath 21965, a short-term upward trajectory is possible, potentially reaching 23800. This advance could foster a perception of a renewed bull market; however, a subsequent retracement is still expected. Similarly, within the small-cap and mid-cap sectors, while near-term gains may materialize, a subsequent, substantial decline is projected.”
“The downside support for the NIFTY spot has shifted upwards to 23000. Going forward, monitor this support level closely. Monday should be an interesting day for both Indian and U.S. markets. Specifically, Monday’s intraday low will be critical. Let’s observe.”
gann,insides 