forextidings

Part VI: Nifty- Today's Price Action Analysis

NSE:NIFTY   Nifty 50 Index
If nifty breaks 2nd target of 18314, we may see a good move above.
It can take a U-turn from 2nd TP to parallel channel C support trendline.
Comment:
Comment: The second target of nifty has reached at 18334.
Comment: Nifty has given a beautiful downward move after breaking the parallel channel.
Price didn't sustain above my resistance level.
After It, Price broke the support level of 17968.
Nifty has broken the control line and, If the sentiments are bearish price may touch the lower band of the channel.
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