padiyara

Nifty 8725.@support level 8710,if break 8550

NSE:NIFTY   Nifty 50 Index
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4
Nifty 8725, came down to the support level 8710, but not bouncing or not showing any stop
in signals. This support may break tomorrow. Watch the divergence marked blue in MACD window,
it is opening a negative crossover below the zero line. WilliamR% is reached in oversold area,
a sharp bounce is not expected in signals here. Any trade below 8710 will take us to
8670 nonstop and 8550.

Comments

Very clear, thanks heaps and appreciate
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padiyara Subra1953
@Subra1953, welcome
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Nifty is weak. Unless it gets proper support, it cant bounce back!
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padiyara vanathi
@vanathi, seriously doubting the support 8710 now, as the indicators turned weak.
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vanathi padiyara
@padiyara, From 6th feb nifty is range bound. Today showed its weakness.
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padiyara vanathi
@vanathi, exactly
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