NIFTY - SHORT TERM LEVELS

Nifty 50 IndexNSE

Description

⋅ Jan 17, 2017 1:01 PM

NSE:NIFTY
for short-term positional and day traders.

Blue-Line and Red-Line important on higher TFs too. They are connected from much behind.

Yellow is the short-term channel.

Green-Line is the intermediate support.

Watch how it plays out and look for opportunities.

Comments and views are welcomed.
Thank you.

Comments

dravya

⋅ Jan 19, 2017 6:48 PM

Updated ultra short levels :

Basty

⋅ Jan 17, 2017 3:54 PM

I have the exact same analysis but nifty being sideways for so many days has made it useless it seems

dravya

⋅ Jan 17, 2017 4:11 PM

@Basty, nothing is forever , isn't it. consolidation will be followed by expansion.

MohitMittal

⋅ Jan 17, 2017 1:06 PM

Red line is the support of the gap and earlier it was also seen new every high market took support of the gap. 8620 is next level that can be after that.

dravya

⋅ Jan 17, 2017 1:10 PM

@MohitMittal, Yes, it gapped over there !!