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Indice Nifty 50
Short

Nifty Daily Analysis

Di karan_bagri
Nifty broke its major support area of 18k which was also the 0.786 Fibb Level, this 18k level was the last support for a pullback according to Fibonacci Retracement levels. As in our analysis for 25oct we stated that if Nifty broke 18000 we can see 17800, today nifty made a low of 17799 and gave a little bounce. What's ahead now - If price breaks 17800 then Nifty can go down till 17600 to find support, while on upside it is clear that 18000 can act as resistance now.
Bearish PatternsbreakoutsignalChart PatternsNIFTYnifty50niftytradesetupniftytrendTrend Analysis
karan_bagri
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