CHANA NCDEX Short Term Views

 #CHANA NCDEX (23-Sept-2020)

🟢In the month of August 2017 Touched High of 6428 and in month of June 2018 Touched Low of 3245 Correction of 3183 Points

🟢 When Fibonacci Series (Read on Google to Read more for Fibonacci Series) is placed on from High to low (6428 to 3245)  

🟢 See from the attached Chart CHANA Has crossed 61.8% Fibonacci levels @ 5212 (Short Term Support)

🟢 Fibonacci 50% Level @ 4836.5 will act as strong Support for CHANA from here.

🟢 Now the levels for upside up to 78.6% i.e. @ 5746 is open. Once Sustains above 5212 for 1-2 Weeks We can see Another leg of rally from here.

🟢 Note that Best buying levels for long term i.e. 3-6 Months are 4836.50-4900.

Nifty Short Term View (22-Sept-2020)

 NIFTY ON 22-SEPT-2020 On the short term basis Trading at support Levels, Till Nifty Future Hold levels of 11090, One Can See some buying in the Market and Nifty Fut Can Head Towards 11250-11300 Levels. 

Once Nifty Future Closes below 11080 We may see sharp correction in the Index future, So As per the Technical Chart Structure Today low 11103 may act as make or break levels. Keep A close watch on the Index moves.

This Post is for Educational purpose, Kindly consult to your Financial adviser before taking any buy or sell decision.