Short at every rise nifty has strong support at 11790 then at 11740-11750 and 704 If nifty unable to hold these levels nifty will break down to 11474.
Please check the attached file. cheers
Let us see if profit taking whether takes nifty still down will update soon.
161.8% retracement with tight stopl oss high of previous bar. as market can turn around in no time.
Target 1 achieved. watch for target 2 target 3. overall nifty is bullish
Reliance has taken out the resistance. watch for first target.
let us see if it achieves target 1 and target 2 stop loss in the chart