NIFTY IT - Just a viewKey highlights: 💡⚡
📊 Currently NIFTYIT may take support of level 28663 which was previously working as resistance.
📊 If it is breaking support level one can go for SHORT into IT sector.
📊 Example : MPHASIS & COFORGE for SHORT.
IF SUPPORT LEVEL IS BREAK THEN ONLY GO FOR SHORT TRADE.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Trendilens
SandP 500 E-Mini Futures 240 CME Updated 7/14/2017Price has show here that it may come down abit at the fork resistance. We also have good frequency on the sliding parallel line which is marked in pink arrows, to verify the fork. If price does decide to hold as resistance and drop a bit from here look for 2428 and 2417 as support. I would be watching closely the 2450 level as resistance as well. Price is trying to push higher, but we have to see if we will have enough momentum to break this sideways yellow fork and continue in the blue fork path.