As per analysis Nifty showing Bearish Engulfing candle on top on 4 Hours time frame, which means in upcoming week we can see a bearish moment in Nifty
Nifty having strong resistance at 17300 and nearest support at 17200,17000 (open interest data).
Next support at 17098as per 200 EMA ( Moving Average).
Next reversal level would be 16800 on Bottom
Please trade your plan accordingly.
Only for Educational purpose
Nifty having strong resistance at 17300 and nearest support at 17200,17000 (open interest data).
Next support at 17098as per 200 EMA ( Moving Average).
Next reversal level would be 16800 on Bottom
Please trade your plan accordingly.
Only for Educational purpose
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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.
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.