Nifty 50 IndexShort
Nifty opinion: Nifty can go up to 760 on op before falling again
Price can go up in opening to 14750-14760 should face resistance there of the daily 10 MA
From there it can start falling facing support at 14673, 14630, 14580.
For a big move today, 14760 on the upside should be crossed and for a big down move today 14673, 14630 and 14580 needs to be breached.
Hourly stochastic is negative. Daily stochastic is positive. Weekly stochastic is negative and since its a weekly closing price should ideally close below 14724.
FIIs and Pro traders are net negative on Index while clients are net positive.
Best of luck for today!!
From there it can start falling facing support at 14673, 14630, 14580.
For a big move today, 14760 on the upside should be crossed and for a big down move today 14673, 14630 and 14580 needs to be breached.
Hourly stochastic is negative. Daily stochastic is positive. Weekly stochastic is negative and since its a weekly closing price should ideally close below 14724.
FIIs and Pro traders are net negative on Index while clients are net positive.
Best of luck for today!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.