March 31, 2020

NIFTY monthly charts

- trend is down
- monthly close is below prev support at 10000 and swing high at 9000 (2015)
- long term trendline broken

- next support 6400

- 61.8% retracement from 2016 low to 2020 high done around 9000 levels

- 61.8% retracement from 2008 lows to 2020 high is around 6000 levels

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