NIFTY TRADING CLOSE TO 200DMA & AT VERY IMPORTANT PSYCHOLOGICAL LEVEL OF 11111/11000

🔷️NIFTY TO FIND SUPPORT AROUND 11036 LEVELS WHERE 200 DMA IS PLACED.

🔷️ANY CLOSE BELOW 11040 CAN DRAG NIFTY TILL 10875/10640 .ATLEST IN SHORT TERM MARKET SHOULD BOUNCE FROM 11000 LEVELS.

🔷️HIGH VOLATILITY EXPECTED TILL ELECTION RESULTS ARE OUT AND VOLATILITY CAN CONTINUE.

🔷️CURRENT MARKET CORRECTION IS DUE TO GLOBAL UNCERTAINTY & TRADE WAR BETWEEN USA & CHINA

🔷️MARKETS MAY BOTTOM OUT IN NEXT FEW SESSIONS & DOMESTIC FACTORS WOULD COME IN PLAY & CAN GIVE DIRECTION TO MARKETS.

🔷️NIFTY CAN BOUNCE BACK FROM SUB 11050 LEVELS & CAN TEST 11300/450/650 AGAIN.

🔷️MIDCAP INDEX ALSO TRADING NEAR ITS SUPPORT ZONE OF 16600/16250

🔷️SMALLCAP INDEX ALSO HAS VERY STRONG SUPPORT NEAR 5700-5800 LEVELS.

Disc- All views expressed are personal and for Educational and study purpose only. Consult your financial advisor before investing or taking any position based on above article.

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