Few Points to notice!
1. It's an INVERTED CHART. So read chart accordingly.
2. NIFTY gave VCP Break Out (On inverted chart) with the help of huge Gap Down.
3. Found ultimate support at 16800 (App. 200MA), which will be relevant for Tomorrow/Coming days.
4. If NIFTY breaks 16800 and closes below it, 16400 would be next major support to look at.
5. For positive bias, we need to save 16800 and closing above 17125 with major resistance at 17310 (Gap up will act as resistance now)
6. Views are for education purpose only. Consult your financial adviser before investing.
1. It's an INVERTED CHART. So read chart accordingly.
2. NIFTY gave VCP Break Out (On inverted chart) with the help of huge Gap Down.
3. Found ultimate support at 16800 (App. 200MA), which will be relevant for Tomorrow/Coming days.
4. If NIFTY breaks 16800 and closes below it, 16400 would be next major support to look at.
5. For positive bias, we need to save 16800 and closing above 17125 with major resistance at 17310 (Gap up will act as resistance now)
6. Views are for education purpose only. Consult your financial adviser before investing.
Trade active:
16800 beautifully respected. Low of 16839 and bounce back to 17115+
Comment:
5th point....done and dusted!