Nifty Short term View.
Nifty Short term View.
Nifty closed last week near trendline Support which is holding the uptrend from the last few years.
23200 is the last hope for Bulls. Below 23200, we may see nifty testing 21600 levels in coming weeks/months.
Fresh uptrend in Nifty is only above 25000.
Key Levels for next Week:
23200 is major Support for Nifty Next week which is also Daily & Weekly Support.
Short level(Aggressive) is below 23200 for the targets of 23080/22780.
Long level(defensive, because against the trend) is above 24200 for the targets of 24480/24780.
Option sellers can sell the range 23200-24200 for next week.
View: Sideways market
Nifty closed last week near trendline Support which is holding the uptrend from the last few years.
23200 is the last hope for Bulls. Below 23200, we may see nifty testing 21600 levels in coming weeks/months.
Fresh uptrend in Nifty is only above 25000.
Key Levels for next Week:
23200 is major Support for Nifty Next week which is also Daily & Weekly Support.
Short level(Aggressive) is below 23200 for the targets of 23080/22780.
Long level(defensive, because against the trend) is above 24200 for the targets of 24480/24780.
Option sellers can sell the range 23200-24200 for next week.
View: Sideways market
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