Support and Resistance levels of NIFTY
Levels to watch out for:
On hourly charts the supports are 17877, 17819 is a major hourly 17723 final major support at 17617. Resistances on the upper side are 17973, 18024, 18085 major resistance, 18133, 18294 and finally recent peak of 18350.
In last 6 days FIIs have sold worth Rs. 8805.81 Crores. ..That is huge selling.
DIIs and Retail buyers are holding the fort. They are trying to short every effort to take the market up. Last three days DII is also feeling the pressure and are conceding ground. Positive thing was in today last few hours DII and Retail where back in shopping mode.
On Daily Charts:
17617 that is the 50 days EMA will be the critical level and any closing below that may lead to further weakness and 17209 or 16559 will be tested. Below these levels hope we don't reach there will be major consolidation and total control of bears. Resistances are 18024 and 18133 and 18294.
On hourly charts the supports are 17877, 17819 is a major hourly 17723 final major support at 17617. Resistances on the upper side are 17973, 18024, 18085 major resistance, 18133, 18294 and finally recent peak of 18350.
In last 6 days FIIs have sold worth Rs. 8805.81 Crores. ..That is huge selling.
DIIs and Retail buyers are holding the fort. They are trying to short every effort to take the market up. Last three days DII is also feeling the pressure and are conceding ground. Positive thing was in today last few hours DII and Retail where back in shopping mode.
On Daily Charts:
17617 that is the 50 days EMA will be the critical level and any closing below that may lead to further weakness and 17209 or 16559 will be tested. Below these levels hope we don't reach there will be major consolidation and total control of bears. Resistances are 18024 and 18133 and 18294.
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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.