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chandakpulkit

Nifty 50 Set to Cool off

Short
Nifty 50 Index (NSE:NIFTY)  
chandakpulkit  
NSE:NIFTY   Nifty 50 Index
Pivot Points Trend Lines Support and Resistance pivotpointshighlow Technical Analysis keylevels nifty50 supportandresistancezones
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pivotpoints trendline supportandresistance pivotpointshighlow technicalanalysis keylevels nifty50 supportandresistancezones
Nifty stands at 17,530 level after breaking key support of 17,644 level which triggered stop los after attaining a sharp rally to 18,100+ levels. The prices failed to break for a significant breakout above the resistance line and we can see a weak week for Nifty this time.
In the coming week, Crucial Levels are:

S1: 17,300
S2:17,000
R1:18,145
R2:18,349
Market looks weak for this week as nifty is set to cool off a little after last month's rally.
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