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souptikgupta
Dec 16, 2016 6:54 PM

Nifty breakout below the short term support trendline Short

Nifty 50 IndexNSE

Description

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.
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MehulJain3a
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