Nifty view for Next Week
Breakdown of Short term Support Line,
shows First Sign of Bear Pullback & Price Rejection from Higher Ranges
11800 Become heavy Resistance
Closing Near Support Line 11700
In this week, Breakdown below 11700
will lead sharp fall till Range Support 11600-11550
11550 is crucial level to be Decisive for next Trend
RSI: Still maintains Negative Divergence on Daily Chart
OI Data: shows Strong Support at 11500 and Resistance at 11800
Breakdown of Short term Support Line,
shows First Sign of Bear Pullback & Price Rejection from Higher Ranges
11800 Become heavy Resistance
Closing Near Support Line 11700
In this week, Breakdown below 11700
will lead sharp fall till Range Support 11600-11550
11550 is crucial level to be Decisive for next Trend
RSI: Still maintains Negative Divergence on Daily Chart
OI Data: shows Strong Support at 11500 and Resistance at 11800