NIFTY Trading now at present make or break point, after stiff correction from 18600 to 17750 sub level, on 1 year technical chart daily time frame trend line breakout shown clearly as well as support line also indicate strong support at 17650-17750 level.
HISTOGRAM AT 0 line also shows make or break from hare now.
NEXT week nifty can take support from 17650-17750 which is currently trading at 17765, and 18000-18200 will be strong resistance zone, breaking above 18200 nifty turn very bullish and next bull run will be on card.
Breaking bellow 17600 will be again bearish area and that will be seems again strong correction downside 700-800 point where next strong support at 16700-16800 but in that case stock wise Stiff correction .. but looking at chart this is very less possibilities and trading zone will be 17650-18250 most likely .
HISTOGRAM AT 0 line also shows make or break from hare now.
NEXT week nifty can take support from 17650-17750 which is currently trading at 17765, and 18000-18200 will be strong resistance zone, breaking above 18200 nifty turn very bullish and next bull run will be on card.
Breaking bellow 17600 will be again bearish area and that will be seems again strong correction downside 700-800 point where next strong support at 16700-16800 but in that case stock wise Stiff correction .. but looking at chart this is very less possibilities and trading zone will be 17650-18250 most likely .