vanathi

Mighty Nifty - Nearing support/resistance!

NSE:NIFTY   Nifty 50 Index
483 14 17
Support levels for nifty             is 10320 - 10330 and 10270 - 10280. Resistance levels are 10380 and 10410.
Comment: Nifty is taking support at the line I have drawn.
Comment: Again nifty is in support.
snapshot
Madam
The PE of nifty is around 26. I think the direction is going to be down. Any up will be shorted. Your opinion Madam.
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Madam
Some how closing levels are different when i click the arrow. why?
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or making a sideways close today for a fall on friday....ups and down staircase pattern along resistance at moving averages
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vanathi TOP rohitkatwal
@rohitkatwal, Yes.
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Thank you very much. But i think it will fall down and take the next support.
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vanathi TOP samuel1970
@samuel1970, You are right. Proved!
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kindly work on fii vs client data as well
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@sandy, Sure.
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But there is another gap down at 10200..think this would also be closed before it starts its journey. The corrections have been sharp just like a pole and hence the upmove could be staggered. This is my take..would give say another 20 points..may come down to 10220
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vanathi TOP Gururajr
@Gururajr, Now price is at 2nd support. Will see.
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