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revanthchalamalasetty
Feb 20, 2021 8:10 PM

Nifty up for a deeper pullback? Short

Nifty 50 IndexNSE

Description

after the fantastic budget rally, nifty took support at the trend as shown in the chart on Friday.

levels to watch for if friday low breaks

14730 = fib 38.2% retracement of the post-budget rally, good pivot support

if 14730 breaks 14513 = 50% retracement, pivot support, breakaway gap support

if 14513 breaks, 14296 = 61.8% retracement, gap filling, very good pivot points support

resistance = 15080, 15150, 15250

Comment

short only after Friday's low breaks
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