Nifty 50 IndexShort
NIfty has breached critical supports
NIfty today breached 20 EMA - a support that it had taken couple of sessions ago. Nifty also breached a critical support level of 17944 (pls refer chart) and taken support at virgin CPR. If todays low is breached, then Nifty could take support at next virgin CPR...here are a few supports available. Next big level to watch out for is 17,439 (pls ref chart), so 17500 could well and truly be broken.
Trending day implies tomorrow we will have a wide CPR. So likely to see a sideways market? Depends on where the market opens. Lets see.
Trending day implies tomorrow we will have a wide CPR. So likely to see a sideways market? Depends on where the market opens. Lets see.
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.