itachi7
Long

Nifty support and Resistance

NSE:NIFTY   Nifty 50 Index
Nifty can be taken Long with stoploss as support line and target as resistance line as shownhttps://in.tradingview.com/x/Mbyn5mRR/
Comment: Strictly follow stoploss as its making lower highs so just a caution
otherwise trendline and 200dma is in definite uptrend.
The correction was a chance to enter position.
Comment: Both Trendlines Support and Resistance held strong when market fell in morning as well as after final election results
Now for upmove 10471 has to be crosses else Nifty will go down to approx 10140 to 10120.
Comment: Nifty stuck at resistance shorts can be taken
Comment: As told Nifty perfectly respecting the levels i have drawn(black lines)
If 10080 breaks and it falls below 200 dma its better to exit longs
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