NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
Nifty Futures

Now, there is a slight conflit in ideas here. If you check the daily chart of Nifty futures , the candles have closed above the mid-average of the trendline but if you see the charts of Nifty spot, the candles have not been able to sustain above the mid-average.

Now, another thing which is making me skeptical is the trend on 15m charts. You can see that the chart is clearly breaking away from the uptrend and now we have to watch if we see the charts fighting back today.

My suggestion is to wait but if you have to trade, like, if you are an impulsive trader then you should buy on dips.

Support is at at around 14990 levels and resistance, as seen yesterday as well is at 15230 levels.

Comments

super 👌
+1 Reply
virralthakkaar Future_Trading
@Future_Trading, Thank you so much
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out