Nifty Update for 20th October 2021
NIFTY50 INDEX has given a non-stop rally from 8th October and made an All-Time High of 18,600, from where we have seen a selloff.
Bear Sentiment is on and it will continue if the low of 18,380 is broken.
High probability trade is on the short side as Index has formed a Harmonic Half Bat pattern and its neckline is placed at 18,380
Consider a short position below 18,380
Or short from 18,500 levels if we see a gap up opening in the Indian Indices.
18,480-18,520 is resistance and will act as a supply zone.
Trade setup
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Key RESISTANCE is: 18,500
Key SUPPORT is: 18,200
Trade Accordingly!
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