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S&P CNX NIFTY INDEX FUTURES
Updated

Nifty1 trying to break a previous trendline

37
On 30 minutes chart Nifty (this is the near month future chart) is trying to break a previous support trendline. This may become a make or break situation for Nifty for this day.
Note
Nifty1 brakes another support at 16860.
Note
Next support comes at 16550.
Note
Anyone who took a trade (shorted or bought put or any bearish option strategy) when Nifty1 broke the support trendline at 11:45a.m. is smiling big now.
akashbothra
Also on:
Chart PatternsTechnical IndicatorsniftyintradaylevelsTrend Analysis

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.
Chart PatternsTechnical IndicatorsniftyintradaylevelsTrend Analysis
akashbothra
Also on:

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.