Nifty 50

Nifty 50

Hourly Chart (Medium to Short term)
We are very close to a very important support level of 14667. Tomorrow will be a crucial decider whether the downtrend will be broken or are we going towards 14200 levels.

I am not being able to understand any patterns or trends in the current scenario and hence I will maintain my simple call of No Trade.

If you are a trader who can take risk, you can go long on Nifty with Stop below 14660 levels in spot. I feel that we will not break 14600 levels as it has been a very strong level since 12th Jan 21.