Support & Resistance for Nifty
An axiomatic charts for learning purpose.
Nifty has immediate support & resistance at 8500 & 9000. Major resistance and support is at 8000 and 9500 as per OI data.
EMA 5C shows the immediate trend which I use to enter to trade.
Fibonacci retracement shows the support & resistance at 1D chart.
Global Markets have ended in red hence, expecting gap down tomorrow. US has been hit with 1,20,000 confirmed positive corona cases. My view is bearish and short sell weak stock for tomorrow.
Nifty has immediate support & resistance at 8500 & 9000. Major resistance and support is at 8000 and 9500 as per OI data.
EMA 5C shows the immediate trend which I use to enter to trade.
Fibonacci retracement shows the support & resistance at 1D chart.
Global Markets have ended in red hence, expecting gap down tomorrow. US has been hit with 1,20,000 confirmed positive corona cases. My view is bearish and short sell weak stock for tomorrow.
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