This week started with a gap down opening at 17541 vs Friday close at 17604.
Made low at 17405, though did not sustain at lows, moved up and closed near the day's high at 17648.
The previous support that nifty broke on Friday is going to act as immediate resistance [ 17670- 17850]
Currently, nifty50 looks like sell on the rise
Notice price action in the resistance zone and any weak price action would be an opportunity to create short trades.
Trade at your own risk
Made low at 17405, though did not sustain at lows, moved up and closed near the day's high at 17648.
The previous support that nifty broke on Friday is going to act as immediate resistance [ 17670- 17850]
Currently, nifty50 looks like sell on the rise
Notice price action in the resistance zone and any weak price action would be an opportunity to create short trades.
Trade at your own risk
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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.
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.