Vipuljain5

BreakDance in Nifty

Short
NSE:NIFTY   Nifty 50 Index
Nifty index is having gap up openings from last 4 forming unclear direction with Doji's and trading through the day in that particular gap up opening range. In last 2 days the bearish engulfing candles were formed indicating the breakdown and will find the Support near 14637, 14600, 14500. Resistance near 14789, 14850, 14900.
More confirmation comes from the RSI indicator where the 26/02/21 level of 46.75 was acting major support level and any breakdown will lead to a good deep layoff.

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