Nifty 50 IndexUpdated Tripple support Zone for NIFTY
Currently NIFTY is near triple support zone of 17762, 17709 and 50 EMA near 17623. It should take support from any of the three levels. If NIFTY closes below 17623 today or tomorrow...Next week onwards we can see further 4 to 8 % correction. Critical support zone for NIFTY here. Lets wait and watch
Trade closed: target reached
Nifty closed above our support zone and did not go below the danger zone suggested in above message. Nifty closed at 17648. It should continue the positive momentum gained in last hour of trade resistance levels of 17762, 177818 and if all goes well 17917 and 18024 by mid of next week. In case Nifty closes below 17622 50 EMA there will be further blood bath. DII and Retail investors are holding fort.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.