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itachi7

Nifty support and Resistance

Long
Nifty 50 Index (NSE:NIFTY)  
itachi7 Updated   
NSE:NIFTY   Nifty 50 Index
Support and Resistance
0
1
supportandresistance
Nifty can be taken Long with stoploss as support line and target as resistance line as shown
snapshot
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)
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