Nifty(11287): #ApproachingLongTermDemand #ChannelSupport Key MA
Key MA approaching 50DMA & 100DMA
Immediate hurdle @ 11350-11400 till not crossed expect lower levels of 11230-11160 gap where buyers will come in....
If 11400 is crossed and sustained relief rally towards 11575-11610 where sellers will try to come in with lower high lower low formation on daily chart....
61.8% retracement of 10925 to 11760 come @ 11235 and 76.4% @ 11110 will also act as support.
61.8% retracement of 10557 to 11760 come @ 11290 and 76.4% @ 11150 will also act as support.
Immediate hurdle @ 11350-11400 till not crossed expect lower levels of 11230-11160 gap where buyers will come in....
If 11400 is crossed and sustained relief rally towards 11575-11610 where sellers will try to come in with lower high lower low formation on daily chart....
61.8% retracement of 10925 to 11760 come @ 11235 and 76.4% @ 11110 will also act as support.
61.8% retracement of 10557 to 11760 come @ 11290 and 76.4% @ 11150 will also act as support.
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.