Nifty hovering around strong resistance .i.e 14800-14850 - It takes me to two hypothesis
1. If Nifty Goes Up then;
a. Strong Support - 14800
b. Strong Support 2 - 14600-14650
c. Strong Support 3 - 14400-14450
2. If Nifty goes down then;
a. Strong Resistance - 14900-14950
b. Strong Resistance 2 - 15100-15150
c. Strong Resistance 3 - 15250
However, I have a strong bias towards Nifty being bullish as per the charts unless; covid plays a major role in a defining downside movement.
HappyTrading!
1. If Nifty Goes Up then;
a. Strong Support - 14800
b. Strong Support 2 - 14600-14650
c. Strong Support 3 - 14400-14450
2. If Nifty goes down then;
a. Strong Resistance - 14900-14950
b. Strong Resistance 2 - 15100-15150
c. Strong Resistance 3 - 15250
However, I have a strong bias towards Nifty being bullish as per the charts unless; covid plays a major role in a defining downside movement.
HappyTrading!
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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.