santhoshsa

Nifty bottom out and break its a weak down trend.

Long
NSE:NIFTY   Nifty 50 Index
Nifty break its down trend and may march to 15000 again within this expiry. At 15020 good resistance is there

Only for study purpose. May post your views regarding this.

Comments

It respects our trend line and close near yesterdays high.
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Nifty touch the trend line for 2 times, if it again retrace to the level it can break the level easily.
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Nifty retracement happens due to neutral sign from world market, may be. Bounce back from the trend line we draw. Lets see, does it touch 15000 mark
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