NIFTY Analysis
NIFTY: 15782.15
SGXNIFTY: 15892.50
Weekly Time Frame: 15860 important support broken and 15865 was 0.382 fib-level as well
Daily Time Frame: 1. NIFTY Trading Below 200EMA(16800)
2. RSI=26
3. Next Important Support: 15745
Below 15740, a big downfall expected
For Intraday Traders
Resistance: 16085, Upside Targets: 16205-16225, 16350-16395, 16485
Support: 15745, Downside Targets: 15520-15555, 15175-15195, 15015-15050
NOTE: Auto-fib Retracement and Pivot used to calculate downside targets
SGXNIFTY: 15892.50
Weekly Time Frame: 15860 important support broken and 15865 was 0.382 fib-level as well
Daily Time Frame: 1. NIFTY Trading Below 200EMA(16800)
2. RSI=26
3. Next Important Support: 15745
Below 15740, a big downfall expected
For Intraday Traders
Resistance: 16085, Upside Targets: 16205-16225, 16350-16395, 16485
Support: 15745, Downside Targets: 15520-15555, 15175-15195, 15015-15050
NOTE: Auto-fib Retracement and Pivot used to calculate downside targets
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