Mighty Nifty - Nearing support/resistance!

NSE:NIFTY15

Nifty 50 IndexNSE

Description

⋅ Nov 8, 2017 2:59 AM

Support levels for nifty is 10320 - 10330 and 10270 - 10280. Resistance levels are 10380 and 10410.

Comment

⋅ Nov 8, 2017 4:57 AM

Nifty is taking support at the line I have drawn.

Comment

⋅ Nov 9, 2017 8:51 AM

Again nifty is in support.

Trend Analysis

Comments

ramana.kgvr

⋅ Nov 9, 2017 4:35 PM

Madam
The PE of nifty is around 26. I think the direction is going to be down. Any up will be shorted. Your opinion Madam.

ramana.kgvr

⋅ Nov 9, 2017 4:31 PM

Madam
Some how closing levels are different when i click the arrow. why?

rohitkatwal

⋅ Nov 9, 2017 8:54 AM

or making a sideways close today for a fall on friday....ups and down staircase pattern along resistance at moving averages

vanathi

⋅ Nov 9, 2017 8:58 AM

@rohitkatwal, Yes.

samuel1970

⋅ Nov 8, 2017 3:40 PM

Thank you very much. But i think it will fall down and take the next support.

vanathi

⋅ Nov 9, 2017 8:59 AM

@samuel1970, You are right. Proved!

sandy

⋅ Nov 8, 2017 2:34 PM

kindly work on fii vs client data as well

vanathi

⋅ Nov 9, 2017 8:58 AM

@sandy, Sure.

Gururajr

⋅ Nov 8, 2017 10:14 AM

But there is another gap down at 10200..think this would also be closed before it starts its journey. The corrections have been sharp just like a pole and hence the upmove could be staggered. This is my take..would give say another 20 points..may come down to 10220

vanathi

⋅ Nov 9, 2017 8:59 AM

@Gururajr, Now price is at 2nd support. Will see.