Forex is not roulette. Luck does not determine outcomes here; rather, precise and clear analysis — primarily technical, does. It is based on charts, levels, and patterns of price behavior.

Jio Financial Services has witnessed high volatility over the last few months.

Following global cues and technical factors, along with continued FII selling pressure, the market is being pushed to lower levels.

A volatile day for the Nifty has passed, with the index maintaining its position in the choppy zone, as we discussed in the previous blog—expecting Nifty to trade between 24,600 and 25,200 levels.

As we analysed for the previous session, Nifty was eyeing the 25,000 level, but it was unexpected that it would gain 400 points in a single day, not only crossing this level but also closing signif

As expected from the analysis in the previous blog, Nifty was likely to take 24,600 as a strong support level due to a bullish candlestick pattern closing above it.