NSEIX:NIFTY1!   GIFT NIFTY 50 INDEX FUTURES
In previous update on 14 Sept, mentioned 16647_16658 as TREND REVERSAL LEVEL. Exact low of 16647 done & reversed. Next criteria was DCB above 18097 for invalidating series of LH_LL where DCB above 18097 done & moved up 400 points from there to 18505 so far.
Over Head Resistances - 18486 / 18599
Supports - 18350 / 18255 / 18097
DCB above 18599 will be a Break Out but buy in dips in the range of 17500_17800 will be good for ATH (All Time High).
Will do fresh chart analysis for next moves.

Previous analysis link (14 Sept) is attached below for reference.

Related Ideas

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.