NIFTY 12 SEPTEMBER 2023 : Finally Nifty is on the psychological level of 20000. Least chance of any remarkable price correction. It can extend more.

 

Hello, first of congratulations of 20000 on Nifty. 

What is coming next is the big question. In my view, 20000 is an important technical landmark on the chart. So far, things are good, and looking for further extension of this rally. Pure technicals are giving the target of 22000 for Nifty in the medium term, may be in 4 to 6 months. 

Immediately I am not expecting any good chance of price correction. There can be time correction Intraday support will be at 19930 levels and on the higher side 20100 to 20150 can be the possibility that we can think about. 

Correction can hit only if it stand below 20000 marks and breaks 19930 levels.