On 1st May 2023 I had published a video in YouTube where I predicted that Nifty will hit 20532 till the end of 2023. The video Title was "Nifty's Journey to 20k+ A Technical Analysis for This Year" Already Nifty has made a high of 20222 till 15th Sep 2023. So one can say it is very near to my target. Now the question is why I was so confident about the target?

There are many reasons about the confident why I was so bullish on nifty.

•  Union budget was very clear that Govt will focus on more job creation as the finance minister had declared that capital expenditure will grow by 33%.
• Technically When an Index reverse from a higher timeframe demand zone then lower timeframe supply do not work. This is the most important thing technically one shall remember. If you don’t know this thing properly you shall learn it. In Dronakul, this area mostly I focus and suggest to my students. 
• According to price action analysis that time Nifty had given double confirmation of new high, where conventional technical analysis had created a positive divergence between Price and Relative Strength Index. So there was clear indications of farther big up move.
• The target I set 20532 using Fibonacci Extendable target. In price action technical analysis, it is one of the best methods to predict the target.