NIFTY
Observations :-
*If Monthly closed below 15450 then 14400-13600 zone will act as strong support zone.
*55 EMA work as strong support level
*As per history 55 EMA work as magnet
Major Area to watch
1) Trend line support
2) 55 EMA support
3) Last year low is near 13600
DISCLAIMER: NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Observations :-
*If Monthly closed below 15450 then 14400-13600 zone will act as strong support zone.
*55 EMA work as strong support level
*As per history 55 EMA work as magnet
Major Area to watch
1) Trend line support
2) 55 EMA support
3) Last year low is near 13600
DISCLAIMER: NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.