Nifty1 trying to break a previous trendline
Updated
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.
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