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sanstocktrader
Feb 18, 2018 5:18 AM

Nifty break down below cloud low at 10488 Short

Nifty 50 IndexNSE

Description

After consolidating in cloud Nifty break down below cloud low at 10488 . There was attempt by Bulls to pull Nifty up which resulted in small bullish cloud formation . However bulls attempt failed and Nifty broke cloud low of 10488 .

Now going forward cloud low may act as resistance around 10510.

Downside Nifty spot may slide till previous low .
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