Nifty has been respecting the 50 MA pink line all this while.
Now it is at the edge. It's make or break for Nifty.
If it crosses pink line downside then the targets for 11000 and 10880 are open.
it it reverses back then Nifty will start towards a new high for this season.
Play safe and Happy trade :)
Note: Views only for educational purpose. Consult your financial advisor before any trade.
Note
Also keep a note of 11344 which is Fib 786 restracement number which might act as good resistance and If Nifty crosses it then it will become good support.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.