The chart is self explanatory
If NIFTY falls below 17000 then 16500 will be the only support and then 15000 levels (200 EMA )
But these are extreme levels to which NIFTY 50 can fall
17550/17400/17050 are the next support levels for this expiry and 18000 is a stiff resistance
RSI below 50 and Volumes increasing on sell side is a matter of concern.
FOLLOW ME for more such content ahead...Till then,
HAPPY TRADING :)
If NIFTY falls below 17000 then 16500 will be the only support and then 15000 levels (200 EMA )
But these are extreme levels to which NIFTY 50 can fall
17550/17400/17050 are the next support levels for this expiry and 18000 is a stiff resistance
RSI below 50 and Volumes increasing on sell side is a matter of concern.
FOLLOW ME for more such content ahead...Till then,
HAPPY TRADING :)