NIFTY IN RESISTANCE ZONE
Nifty 50 spot currently near 10860
index is in a strong resistance zone-combined with other studies it seems a sideways to bearish market in coming days
downside support at 10670--10550
A break below the mentioned levels will be highly bearish and can (no guarantee ) 9200 spot in coming months (with small bounce in between)
this is a chart study based on support -resistance ---the implications will show on break of levels only and over several weeks possibly -
i trade intraday mostly-presently no position in nifty
index is in a strong resistance zone-combined with other studies it seems a sideways to bearish market in coming days
downside support at 10670--10550
A break below the mentioned levels will be highly bearish and can (no guarantee ) 9200 spot in coming months (with small bounce in between)
this is a chart study based on support -resistance ---the implications will show on break of levels only and over several weeks possibly -
i trade intraday mostly-presently no position in nifty
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