The first support, 50 day EMA is around 13670 - 13700 range.
Nifty 50 has broken uptrend line yesterday on daily charts.
Nifty 50 has created a new downtrend yesterday in intraday charts.
Short trades can be taken at this level only by very skilled traders. Others can wait and make long positions at dips or reversal.
Personally I think that short covering would support the nifty today as it is monthly expiry but don't get fooled by fake signals. I don't think you should enter the market yet if you are an investor.
Nifty 50 has broken uptrend line yesterday on daily charts.
Nifty 50 has created a new downtrend yesterday in intraday charts.
Short trades can be taken at this level only by very skilled traders. Others can wait and make long positions at dips or reversal.
Personally I think that short covering would support the nifty today as it is monthly expiry but don't get fooled by fake signals. I don't think you should enter the market yet if you are an investor.