Traders should be watching 5450 because they have to watch some level and hope for support.
there are two reasons Nifty traders would be watching 5450.
1. Filling gap at 5440.
2. Fibonacci 50% retracement level at 5440.
Currently market is in bearish grip so one should not buy nifty at this level because There is no support that works when market is in downtrend and there is no resistance that resists when market is in Uptrend.
there are two reasons Nifty traders would be watching 5450.
1. Filling gap at 5440.
2. Fibonacci 50% retracement level at 5440.
Currently market is in bearish grip so one should not buy nifty at this level because There is no support that works when market is in downtrend and there is no resistance that resists when market is in Uptrend.
