Upen1973

Nifty Future-Resistance and Support Lines

Long
NSE:NIFTYM2021   S&P CNX NIFTY INDEX FUTURES
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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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