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duraim

NIFTY futures support range

Short
S&P CNX NIFTY INDEX FUTURES (NSE:NIFTY1!)  
duraim Updated   
NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
Trend Analysis niftytrend NIFTY
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trendanalysis niftytrend nifty
For Nifty futures, we can expect a bounce back from 18150 range. If it breaks down at 18150 level, we can expect an other 100 points move downward with a strong support at 18000 range
Comment:
As expected NIFTY is taking support at the trend line
Comment:
As expected NIFTY moved down and closed at 17687 with day low of 17576.80. Tomorrow if NIFTY breaks this low, we can expected another 150 down.
Trade closed manually:
Closed the trade with the target of 17430.
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