Wealthcam

NIFTY at make or break level..

NSE:NIFTY   Nifty 50 Index
As we had been analysing nifty since last 2 days and it happened exactly as we analysed! now it is standing at very crucial level and though the trendline has been broken in smaller time frame but is at major resistance area, the level to look at now is 17450 as this is the pending gap that nifty had to fill and had successfully filled and as we can also see nifty faced resistance around these levels itself previously and acted as a good support when broken hence we can again expect nifty to resist from here! So, we will only go long if Nifty sustains above 17450 else we can see sideways to some downfall tomorrow

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