NIFTY 50 - General Outlook!!
NIFTY 50
The index opened gap down and bounced from the support level and closed at the resistance level.
The index respected the trendline as well.
Technical indicators are mildly bullish.
If price trades above today's high (9960), the next resistance is (10200). If price closes above 10200 level and a new uptrend is expected with 10327 as the next resistance. If the price closes below 9950 level, the nearby support is swing low 9560 on the hourly chart.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
The index opened gap down and bounced from the support level and closed at the resistance level.
The index respected the trendline as well.
Technical indicators are mildly bullish.
If price trades above today's high (9960), the next resistance is (10200). If price closes above 10200 level and a new uptrend is expected with 10327 as the next resistance. If the price closes below 9950 level, the nearby support is swing low 9560 on the hourly chart.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
-
Garey
Whatsapp - +91 9999 504 500
Garey
Whatsapp - +91 9999 504 500
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.
-
Garey
Whatsapp - +91 9999 504 500
Garey
Whatsapp - +91 9999 504 500
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.