#Nifty
Weekly
40 Week support at 17400 levels.
Below all moving averages.
Daily
200MA is around 17350 levels.
Hourly
Uptrend from 17353 to 18134
Gave up 78% of this move making a low 17530 levels.
Looks oversold. But today being expiry have to watch.
15 Minutes
Clear downtrend. Below all moving averages.
17924 - 17890 levels try to go above moving averages. Failed. And trend started.
Due to steep fall from 17891 to 17529 looks a retracement is possible as long as 17708 to 17750.
That area should give fresh range to short.
Weekly
40 Week support at 17400 levels.
Below all moving averages.
Daily
200MA is around 17350 levels.
Hourly
Uptrend from 17353 to 18134
Gave up 78% of this move making a low 17530 levels.
Looks oversold. But today being expiry have to watch.
15 Minutes
Clear downtrend. Below all moving averages.
17924 - 17890 levels try to go above moving averages. Failed. And trend started.
Due to steep fall from 17891 to 17529 looks a retracement is possible as long as 17708 to 17750.
That area should give fresh range to short.