Levels remain the same as Nifty was sideways most of the time, towards the end it did touch the 1st Resistance level which I posted yesterday. Good move possible if it sustains above 22000.
Price took the support on the horizontal line and touched the 1st Resistance, needs to breach the R1 for upward direction.
Look at the last 2 candlesticks and the volume on it...
Self- Explanatory ! 21900 breached by a good bearish candle and sustains for sometime and does a re-test, then 21800 might be easy seen.
Price has breached the Trendline ever so slightly and standing on horizontal support line, let's see if it breaks or reverses.
If Nifty breaks the Resistance Line of the ascending Triangle with a clean candle and sustains above it for sometime above 22222, 22249 then it may go UP to 22300
If Nifty breaks the Trendline Line which is acting as Support of the ascending Triangle with a clean candle then it may it go Down to 21900 once crossed 22090, 22050
DISCLAIMER : ONLY FOR LEARNING PUORPOSE
