In No Trade Zone!

NSE:NIFTY   Nifty 50 Index
1. Long legged Doji on DTF showing more indecision in Sellers than Buyers. Basically bears' exhaustion. Chances of uptrend are higher.
2. Closing below Friday's low of 17485 will negate the view.
3. Next major support is at 17265, the previous BO level.
4. For confirmed uptrend, we'd need a closing near or above 17650.
5. In case 18350 isn't breached and remains a LH, we may see 15950 levels in coming weeks.
6. If 18350 is breached, 18900 would next possible Target.
7. These are speculations. Don't create positions according to this. Thank You!
Low of 17213.25 so far. Let's see where it closes.
Closed at 17149.10
Staying below 17000 means we're inviting 16800 very soon. Getting interesting now!
Low of 16836.80. Just kissed 16800 and bounced!


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.