Chart Pattern Shows 2 Observations
- Pattern, Which shows Strong Move Below 11600
- Clear Down Trend Channel
- view shows, Market is taking support near 50%=11619
- Normally Nifty takes Support at Level Which is 11506
- So 11500 is Very Very Important Support to hold for this Up-Trend
- If breaks Below 11500 we may see
Currently Strong Resistance Formed at 11841, sustain above this will neglect this view.
Open Interest Data:
12000 Strong Resistance & 11700 Strong Support
Disclaimer: All the Recommendation/View Given in Arrowmoney are only for internal study purpose. Consult your financial adviser before making any investment decision.