Abhijit_Paul

Nifty InstaView 16 Mar’21: 15K now a proven Resistance

NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES

Nifty View: The range of (15,000-15,100) did play out as a source of resistance for the benchmark Nifty in today’s session. The short term trend is down and a break below today’s low of 14,915 will infuse fresh selling pressure. A closer look at the volume profile clearly shows concentration of volumes at the anticipated (15,000-15,100) range and so as long as this zone is not breached on the upside, one should be cautious with long positions.

Thank you for following my work and please feel free to share your thoughts and suggestions.                      

Trade Well. Trade Wise.

Trade Well. Trade Wise.
Whatsapp - https://wa.me/919836947400
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.