Nifty 50 IndexShort
NIFTY under stress
Global cues are negative, and so is NIFTY. There is no sign of positivity from any corner of the world. Today NIFTY gave gap down opening and testing the previous lows of last fall on 24 Feb.
Currently, NIFTY is trading at the support levels of 16300 based on GANN Square of 9. If the support levels are broken and keep trading below 16300, then the previous low of 24 Feb will likely touch at 16200.
Support Levels based on Gann Square of 9 are 16300, 15700 and then 15100.
Resistance Levels based on Fibonacci are 16391, 16591 and 16700.
Follow Line Indicator, Smoothed Heikenashi and SuperTrend all suggest the bear trend in 5 Min Chart, 15 Min Chart, 30 Min Chart, 1 Hour Chart and Daily Chart.
Currently, NIFTY is trading at the support levels of 16300 based on GANN Square of 9. If the support levels are broken and keep trading below 16300, then the previous low of 24 Feb will likely touch at 16200.
Support Levels based on Gann Square of 9 are 16300, 15700 and then 15100.
Resistance Levels based on Fibonacci are 16391, 16591 and 16700.
Follow Line Indicator, Smoothed Heikenashi and SuperTrend all suggest the bear trend in 5 Min Chart, 15 Min Chart, 30 Min Chart, 1 Hour Chart and Daily Chart.
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