NIFTY 8800 - BIGGEST BREAK POINT

• We have seen one of the biggest moves in the market in last 3 months.

• Markets have seen a steep fall from 12400 to almost 7500 in a span of 45 days.

• Team “MARKET MANTRA 99” was the first one to analyse (across India) and update all of you about this fall.

• All big players and analysts were targeting 13500-13700 wherein we were looking at 7500-7700 as per our price analysis & time frame setup.

• As always we were successful and markets came down till 7511.

• Now where do we go from here? With CORONA taking our economy on a downward spiral and all businesses been shut for almost 3 months now, where are we heading?

• As per “MARKET MANTRA 99” “NIFTY =8800” now becomes a make and break point for our markets in coming months.

• We are currently at 10200. As per our review and analysis 8800 on closing basis (close + average) becomes a very important point.

• With 8800 as stop loss on closing basis we expect nifty to reach 11500 & 11900 by end of this year.

• We might see some downward movement till 9500-9350 before we head towards 11500 & 11900.

• Please note this view is completely based on price analysis & time frame concept designed and built by our team “MARKET MANTRA 99”.We do not use charts graphs & candlestick for our study.

• The above post is just for educational purpose. We will update you about further development in NIFTY via our blogs.  

For further details and queries you can contact our office –

Phone – 9137594010 / 9920544493

Email – Marketmantra99@gmail.com

Thank you

Team Market Mantra 99