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gauravbombay
Dec 21, 2020 11:43 PM

NIFTY Support levels Short

Nifty 50 IndexNSE

Description

In case of sharp fall NIFTY from current levels, it can take support at following levels:

Immediate Support 1 -12300
Support 2 - 11600
Worst case Support 3 - 10100

This is based on analysis of Monthly and Weekly Trend lines , as shown in the chart.
Comments
ckirtane
do not be so bearish,liquidity will not allow nifty to fall, i have lost money by shorting seeing bad fundamentals. bare market will start only after march 2021.
gauravbombay
@ckirtane, Agree. But the present level is not a buying level as well. more chance of making loss in cash market if you enter at current level.
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