NSE:NIFTY   Nifty 50 Index
10180,10040 likely
Comment: as per rectangle target nifty shd come to 9950 levels but nifty has 200 dma at 10140 so we shd see a small bounce near that level.
Comment: as we expected nifty came to 10140 , m not saying that 200 dma will become a bottom or last stop for this fall but yes m expecting nifty to bounce from this level
Comment: a bounce of 80 point came . one should use it to exit long / create short


10265 is immediate support, these levels very much likely to come on breaking the support, broader range for month and half will be 10040 - 10500
+1 Reply
In the main figure above, if you refresh it support is coming around 10200, for a 100 point bounce till 10300, pls correct me if wrong as I will be initiating trade accordingly.
kacharts hotpot64
@hotpot64, anything can happen in market , charts do NOT forecast price - they show path of least resistance and provide excellent risk mgmt tool
i find next good support at 10140 which is 200 dma so i wont rush to go long unless i find a proper setup