NIFTY50 TECHNICAL ANALYSIS SHORT TERM VIEW
NIFTY 50 can above 23340 level because of ABC correction pattern formed as shown in graph . Last impulse was about 100 % extension zone i.e 23800 level , now Nifty 50 can jump towards 24000 in short term . Presently 23077 stop loss with immediate support 23100 to 23126 and nifty 50 can directly jump towards 23341 level .
QUICK FUNDAMENTAL LOOK
India's benchmark indexes are on track for a cautious start on Wednesday, as investors remained wary ahead of the U.S. Federal Reserve's rate decision, expected later in the day, and the union budget this weekend.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .