Nifty 50 IndexShort
Nifty 29 August
If nifty breaks the triangle pattern formed in 5 min or 15 min in either direction then the target would be Red lines.
Due to:
1) Gap is acting as a Resistance
2) Max PCR is seen at -> 16950 which is the greatest support
3) SGX Nifty is 200+ in downward trend same with the USA and other markets
FYI:- Market will open in Gap down mode So it already indicates that it will re-test below support so we can see to retest the 17400 level.
Only for educational purpose.
Due to:
1) Gap is acting as a Resistance
2) Max PCR is seen at -> 16950 which is the greatest support
3) SGX Nifty is 200+ in downward trend same with the USA and other markets
FYI:- Market will open in Gap down mode So it already indicates that it will re-test below support so we can see to retest the 17400 level.
Only for educational purpose.
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Disclaimer
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.