My Nifty view as on 17th Sept 2020
Past few days, Nifty is taking a strong support around 11500. If it breaks, it may fall 100 to 200 points. If it goes up, here are next resistance levels.
1) 11580
2) 11616
3) 11684
Here is the support level
1) 11450
2) 11410
3) 11310
Today market moved within a range. Today, it faced strong resistance around 11580. Once price got rejection from there, it fall to next strong support i.e. 11500. By seeing last few days pattern, it looks like to me that market may move within 11500 to 11600 range for next few days. To break this range, it needs a strong news to define the next direction.
1) 11580
2) 11616
3) 11684
Here is the support level
1) 11450
2) 11410
3) 11310
Today market moved within a range. Today, it faced strong resistance around 11580. Once price got rejection from there, it fall to next strong support i.e. 11500. By seeing last few days pattern, it looks like to me that market may move within 11500 to 11600 range for next few days. To break this range, it needs a strong news to define the next direction.
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