Get started
Happy_Candles_Investment

Negative Surprise in US Inflation data killed the Bull rally

Nifty 50 Index (NSE:NIFTY)  
Happy_Candles_Investment  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Support and Resistance Trend Lines marketoutlook NIFTY spotnifty nifty50 niftynextweek niftyanalysis niftytrend niftyoutlook
0
0
trendanalysis supportandresistance trendline marketoutlook nifty spotnifty nifty50 niftynextweek niftyanalysis niftytrend niftyoutlook
Global sell-off post US Inflation data negative surprise led to a bloodbath and the Nifty ended the week very badly under 17600 levels at 17530.85. The supports for Nifty as indicated now in the chart are 17421, 17323 and 17301. Below 17301 we may see a free fall towards 16929 or 16842 levels. On the upside 17640, 17750, 17996 and 18096 will be major resistances. It will be interesting to see where Nifty finds support and from where it turns around.
Happy Candles Investment
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.