🤑 Nifty is likely to be Bearish till it's below 17070.
❓ Reason: Because Bears Locker is open on ATM Machine Indicator Hourly Chart.
🚧 Dowside Hurdles: 16960, 16805, 16695.
🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability.
🔴 Positional Trend is Negative.
🟡 Long Term Trend is Neutral.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels.
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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.