UnknownUnicorn4260559

Nifty : Sell MACD

Short
NSE:NIFTY   Nifty 50 Index
Nifty is looking short as MACD has turned below zero line. Moving averages are above candlestick . Long term support line could be tested before the next upmove. 10900 & 11000 call can be sold keeping 10840 as stop loss for position. Target would be 10540- 10410-10340. 10700-10750 would be the resistance zone to create position. People may play for H&S and might get trapped in next selling. 10300 is unlikely to get breached in next few trading sessions.
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.