Get started
akashbothra

Nifty1 trying to break a previous trendline

S&P CNX NIFTY INDEX FUTURES (NSE:NIFTY1!)  
akashbothra Updated   
NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
Trend Analysis Chart Patterns Technical Indicators niftyintradaylevels
0
0
trendanalysis chartpattern indicator niftyintradaylevels
On 30 minutes chart Nifty (this is the near month future chart) is trying to break a previous support trendline. This may become a make or break situation for Nifty for this day.
Comment:
Nifty1 brakes another support at 16860.
Comment:
Next support comes at 16550.
Comment:
Anyone who took a trade (shorted or bought put or any bearish option strategy) when Nifty1 broke the support trendline at 11:45a.m. is smiling big now.
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.