Nifty 50 Analysis for this week in Daily timeframe
NIFTY ANALYSIS -
1. Trend - Down in Daily Time frame. Trend will change to up above 16800.
2. Support - 16400, 15700.
Resistance - 16800, 17200, 17600.
Major Resistance - 18300, 18600.
3. Future Trend - As trend was down we expect down trend to continue till 15500 zone.
Our down trend will change to up trend if NIFTY trades above 16800.
BUY -
1. If trades above 16800.
2. Stop - Below 16700.
3. Target - 17200, 17600.
SEll -
1. If trades below 16400.
2. Stop - Above 16500.
3. Target - 16200, 16000, 15700.
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