NIFTY Price Action Analysis.An important benchmark index in India, Nifty 50 has been trading in range since the budget day. After the historic 5% budget day rally nifty reached an all time high of 15431.
After touching ATH levels nifty has been quick to retract to 14600 levels. Lately nifty has managed to stay in the 14300 - 15000 range. 14250 acts as a very important support which if broken might result in a fall up to 13800.
Important levels -
1. 14250
2. 14450
3. 14650
4. 14900
5. 15050
These levels are key to nifty price movement until it breaks 14250 or 15050.
**DYOR**
