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Nifty Oversold at 22.5 RSI! Covid 2020 like Level: Bounce Back or More Fall? | Anil Singhvi Analytics Table
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About Nifty Oversold at 22.5 RSI! Covid 2020 like Level: Bounce Back or More Fall? | Anil Singhvi
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गिरावट के आखिरी दौर में Nifty?📉 बन गया है Bottom या और गिरेगा? 🔻 📊Nifty क्यों दे रहा है Oversold होने के संकेत? 22000 का लेवल टूटेगा या आएगी रिकवरी?🎯 Is Nifty in the final phase of its decline? after 8 Weeks of straight decline is this time to recovery? in 2008 Nifty fell for seven straight weeks and dropped 22%, and in 2020 during Covid too, the maximum stretch was seven consecutive weeks, when it fell 33%. Now, what the old data shows is that after falling continuously for 7 to 10 weeks, Nifty tends to give a strong recovery. So after last week’s eight-week decline, has it already made a bottom there and won’t fall further, or could there still be panic for another week or two? That’s what we need to watch. Nifty’s RSI is at 22.5. On Thursday, intraday, the RSI had reached the 20 level, and the last time RSI was at these levels was during Covid, in March 2020. since you’re around those levels, there’s every possibility that the market could make a bottom anytime this week or over the next one or two weeks and try to stage a recovery. #Nifty #Nifty50 #StockMarket #IndianStockMarket #NiftyRSI #NiftySupport #MarketBottom About Zee Business: Zee Business is India’s leading business news channel, bringing you the latest Business News, Stock Market News, Share Market Updates, Sensex, Nifty, and Financial News. Watch Zee Business Live for real-time updates on the Indian Stock Market, including NSE, BSE, Sensex and Nifty, along with expert analysis, market trends, IPO updates, corporate news, and investment insights. Get the latest Share Market News, Stock Market Today updates, Business News in Hindi, Budget News, Economy News, Corporate News, IPO News, Mutual Funds, Personal Finance, and Market Analysis from our team of experienced experts. Subscribe to Zee Business for the latest Hindi Business News, Stock Market Updates, Sensex-Nifty Live Updates and expert financial insights to stay informed about India’s markets and economy. -------------------------------------------------------------- Subscribe Zee Business: https://bit.ly/3L6GG0C Business की हर बड़ी ख़बर से रहें अपडेट फॉलो करें ZEE Business का WhatsApp चैनल: https://bit.ly/3RvzK1N You Can Also Visit Our Website at: Zee Business: https://www.zeebiz.com/ Zee News: https://zeenews.india.com/ DNA India:-https://www.dnaindia.com/ WION: https://www.wionews.com/ Follow Us On: Facebook: https://goo.gl/OMJgrn Twitter: https://goo.gl/OjOzpB Download Zee News App : https://bit.ly/ZeeNewsApps
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