This is my Analysis for Nifty 50 long term. Hope that will help..................................................
Nifty 50 rejection from upper levels. 350 is good resistance. .................................................................................
A long trend line is now break. Now, what will happen.. Keep an eye on it for next week trend........................................
Kya aisa hone wala hai......................................................................................................................................................................................
Don't underestimate the trendline... 3 times tested............. if break, then big move expected..
Support........... Ready to move upward.......................................................................................................................................................
Check Nifty resistance and support..................................................................................................................................................................................
Nifty near day high. Good Resistance. Curve Trend line breakdown can give a downward move................................................................................................
From my view, Nifty is moving in a Parallel channel, and trying to go down now.. 15100-200 area, and 14400-600 area is looking as a strong support. but Big resistance at 16000 area......
Is the curve can be treated as a trend curve (as trend line) ...............................................................................................................................
I'll not say anything.. This is just for testing purpose......................................................................................................................
Nifty is on strong support but I don't know if this curve means anything. If Anyone can do analysis, please tell us............................
Check the support by trendline... It's important support, If breaks, 14300-400 can be expected................................
Be careful... Nifty is not going out from the box.....................................................................................................................................
Please check at your end. This is my view on nifty that it is respecting a channel from last week. And there is no chance to brake it....................................
Support :- Very Clear Story for today. Nifty having no support except 16000 Round Level but Pivot Points can give a support. Resistance :- And previous day low is the resistance . Play smartly annd smoothly.
17450-475 is ultimate resistance area for NIfty............................................................................................................................................... And today's Low is good support as its on 200 Sma on 30 min. chart.
On Daily Chart, It seems Nifty is ready to form a W, 17400 is the neckline...........................................................................