NSE:NIFTY   Nifty 50 Index
Nifty Spot

There was a Hammer ( bullish pattern ) in the 15m chart on 26/02/21 at 15:15 hrs .
14635 levels were from where Nifty had to bounce back but it slipped below it and closed at 14529. Nifty had made a high of 14498 on 11/ 01 /21 which can be considered as a strong support now.
RSI has slipped well below 50.
It also shows a bounceback from the trendline levels which gives us a little confidence that the trend has not changed and is still an uptrend.

15000 levels are a very strong resistance so can buy with Stop Loss below 14498 for targets of 15000.

So, expect the global markets, Nifty doesn't show a lot of strength of it's own today but isn't bearish either.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out