Nifty View: Yet another failure to hold onto a new life high as the benchmark Nifty index slips over 170 points in today’s session to post a close at 15,761. The “Bulls” should worry a bit now as the breakout move which we noticed last Thursday has now turned into a failure. We were focusing on the importance of 15,777 and in today’s session, we have got a clear break of this level. The short term trend of the index has now turned down again and expect some more weakness if the index does not recover above 15,850 within this week’s trade. And if that plays out, then sadly the current supports of (15,650-15,700) will not hold.
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Trade Well. Trade Wise.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Trade Well.
Whatsapp - wa.me/919836947400
Whatsapp - wa.me/919836947400
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Trade Well.
Whatsapp - wa.me/919836947400
Whatsapp - wa.me/919836947400
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.