Suryavanshi1983

Short Term Update - Nifty

Long
NSE:NIFTY   Nifty 50 Index
Nifty bounced off the triangle support today if today's low is held, we might be retesting the recent highs, even 11200, where Head and shoulder pattern completes and there is a resistance there too. All depends on how nifty will react to the recent highs near 11000. With the budget due on February 1, 2019. this all might be a technical set up before a big fall as per the price pattern. However, long or short enteries will be taken basis the price action that is seen around the important price levels, like 11000 and 11200. Play safe going ahead.


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.