Trend Line Formation In Nifty - Potential Entry Zone .
Based on my analysis of NIFTY on the 1-hour chart, I have observed that it is currently supported by the 200-day moving average (MA). Additionally, I have identified two trend lines on the chart, one in WHITE and the other in yellow.
If the yellow trend line is broken, it could indicate a significant shift in market sentiment, potentially leading to a dramatic fall in NIFTY. At least up to the levels I have marked .
This is for those who short futures or buy puts.
If the yellow trend line is broken, it could indicate a significant shift in market sentiment, potentially leading to a dramatic fall in NIFTY. At least up to the levels I have marked .
This is for those who short futures or buy puts.
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