souptikgupta

Nifty breakout below the short term support trendline

Short
NSE:NIFTY   Nifty 50 Index
4
Today nifty broke the short term support trendline and closed below that. During the intraday there was a recovery but it retraced from the same trendline which was previously acting as a support. Now, it will act as a resistance. 8061 should act as a support. If it breaks then T2 will act as a support. On the upside 8176 and T4 will act as a minor resistance.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.