As you can see Nifty is resting very timidly at the bottom of the channel after confirmation of H&S Break down. Most of the indices were thrashed like bowlers are thrashed in IPL matches this season. If Nifty has to recover it has to be done in next couple of sessions that is Friday or Monday. If the current support around 21900 is broken the next supports are...
Nifty is squeezing between strong support & resistance zones currently. The Résistance zone is between 19466 to 19548. Strong Support zone is between 19323 and 19414. Neither side is willing to give way. The next Three trading sessions hold key to decide the direction of the market in the short term. In the long term overall sentiments of the market remain positive.
Nifty again is at a very brittle Trendline support. Today's low of 19878 to 19890 remains the most important support for Nifty as RSI on hourly chart shown Nifty as over sold. It is very important for Nifty to recover from here. If this support is broken the next important supports for Nifty at lower levels are at 19796, 19696 and 19554 to 19530. If 19530 is...
