Nifty 24888 has formed an UT and has fallen. Trend is bearish.
Efforts were average but results were high due to fear factor. Some short covering pushed Nifty from low 24844 to 24888. Support at 24742,24540 and resistance at 24954.
We expect a fair chance will be given to bulls if they could move Nifty above 24888 to take nifty to resistance before moving to support. If gap down, panic will drive to 24540 and further,
Efforts were average but results were high due to fear factor. Some short covering pushed Nifty from low 24844 to 24888. Support at 24742,24540 and resistance at 24954.
We expect a fair chance will be given to bulls if they could move Nifty above 24888 to take nifty to resistance before moving to support. If gap down, panic will drive to 24540 and further,
Note
WOW !!! Panic Dropped nifty to support 24540 and further and is trading at 24636 .. You Rock ... ( When No one appreciate Your efforts , You appreciate Yourself )
Note
Nifty 24600 211 at 10:12 at 24631Note
Nifty 24600 @ 242 at 12:25 at 24710
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.