Mulakan
SudharsanG

NIFTY - lower end of Parallel Channel

S&P CNX NIFTY INDEX FUTURES (NSE:NIFTY1!)  
SudharsanG  
NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
Trend Analysis Support and Resistance NIFTY nifty50
1
0
trendanalysis supportandresistance nifty nifty50
As you see in this chart, nifty50 is clearly respecting the parallel channel which start from the previous year march low.

In short it is consolidating in a close range of 15600-15900, breaking the upper side may elevates the price to 16500 levels.

Breaking the lower end of channel will bring down the price to 15500 levels, which act as a strong support as per the OI data of this month.
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.