nifty
as per trend line analysis - nifty has broken an important support (an up move started from 6825 level to 11751) at 10250 and continuously sustaining below that.
As per Dow theory last bottom of this uptrend is placed at 9950-10000 level so we might see this level acting as very important support for uptrend to resume. if in any case this levels gets violated we shall see nifty touching 200 weekly moving average i.e 9100 level.
key levels to watch
support- 9950-10000
As per Dow theory last bottom of this uptrend is placed at 9950-10000 level so we might see this level acting as very important support for uptrend to resume. if in any case this levels gets violated we shall see nifty touching 200 weekly moving average i.e 9100 level.
key levels to watch
support- 9950-10000
Note
Note
580 point till now after making low of 10004.5Note
any low is a buy on dip strategy with sl of 10k
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