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padiyara
Feb 15, 2017 2:33 PM

Nifty 8725.@support level 8710,if break 8550 

Nifty 50 IndexNSE

Description

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