Weekly chart of Nifty50.
The uptrend is clear and the support according to the weekly charts is 14470 levels. So we're already there.
I am going to vote for No Trade today even though I really want to buy but the Covid scenes are bad as of now.
Daily and Hourly chart study
The major support is at 14264.40. This means 14250 levels. There is no proper support before that.
If Nifty50 manages to break 14250 (which it should not) we might witness 13800.
* I don't think that we'll be breaking 14250 but you never know.
The uptrend is clear and the support according to the weekly charts is 14470 levels. So we're already there.
I am going to vote for No Trade today even though I really want to buy but the Covid scenes are bad as of now.
Daily and Hourly chart study
The major support is at 14264.40. This means 14250 levels. There is no proper support before that.
If Nifty50 manages to break 14250 (which it should not) we might witness 13800.
* I don't think that we'll be breaking 14250 but you never know.