January 17, 2018

NIFTY Chart Analysis

  • NIFTY Daily and Week is testing the resistance line. Bears need the bearish engulfing in daily chart to take effect. Weekly chart is more crucial. A bearish bearish weekly candle here will strengthen bears.
  • Bulls need to save the weekly candle to stop a down swing from happening.
  • 10680 and 10660 are possible supports in Nifty. If these levels are broken on daily closing basis then bigger down swing may follow.
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