Nifty 50 IndexUpdated NIFTY Analysis
Go Long:
Key Resistance level is 17160-17200.
when Price breaks strongly 17200 and gives us pullback then go long for targets of 17260,17360,17450.
Fake Breakout is possible here.
GO Short :
If price is again consolidation at 17160-17200 and showing selling pressure then only go for short until no short.
Buyers and Sellers exchange at 17050-17060 level.
down side strong support level is observed at 16960,16880,16800.
Key Resistance level is 17160-17200.
when Price breaks strongly 17200 and gives us pullback then go long for targets of 17260,17360,17450.
Fake Breakout is possible here.
GO Short :
If price is again consolidation at 17160-17200 and showing selling pressure then only go for short until no short.
Buyers and Sellers exchange at 17050-17060 level.
down side strong support level is observed at 16960,16880,16800.
Note
Price opened above Resistance reversal may occur at 17260-17275.Note
if breaks 17275 level targets are 17330,17360
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**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
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.