NIFTY OVERVIEW
Updated
NIFTY is trading in a falling channel, yesterday it broke an imp level 11300 with good momentum.
Call writers has been very active since yesterday
Support is present at 11120. Nifty may show some recovery before falling further.
Call writers has been very active since yesterday
Support is present at 11120. Nifty may show some recovery before falling further.
Note
Nifty opened with gap near 11301 and straight way started fallling and this falling took a break at near its support mentioned (11120). See the beauty of TA, this support got tested by 4 times but dint break and sustained. If this breaks next support is 11890.
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