Upen1973

Nifty Future-Resistance and Support Lines

Long
NSE:NIFTYM2021   S&P CNX NIFTY INDEX FUTURES
In Nifty Future the resistance and support lines are working fantastically. The main support line which is touched three times and is respected so far. The line A which is a horizontal resistance line and later turned into a support line. The line B a channel line which first acted as a resistance line but later turned into a support line. Until the main support line is broken decisively the trend is bullish .
Comment: Nifty has broken the support line. Now watch out for a positional reversal.
Comment: Correction: Read Nifty Future instead of Nifty.
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