NIFTY FELL SHARPLY DUE TO GLOBAL PRESSURE NOW WHAT??
Asian markets tumbled on concerns about China's recovery and tighter regulation on technology companies
Now it stands at very crucial levels as if the Index fails to reverse from current levels and break below 15680 levels then it should be considered as a breakdown from the ending diagonal pattern
In 45 minutes time frame NIFTY is still seems to be consolidating which shows indecisiveness but levels to watch as of now to make any new fresh positions are 15900 above and 15680-15620 as SUPPORT
upward you might see multiple RESISTANCE, some of them are
R1 15730
R2 15800
Now it stands at very crucial levels as if the Index fails to reverse from current levels and break below 15680 levels then it should be considered as a breakdown from the ending diagonal pattern
In 45 minutes time frame NIFTY is still seems to be consolidating which shows indecisiveness but levels to watch as of now to make any new fresh positions are 15900 above and 15680-15620 as SUPPORT
upward you might see multiple RESISTANCE, some of them are
R1 15730
R2 15800
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.