NIFTY is now in DOWNTREND (made lower high and lower low.) as per HOURLY Timeframe .
here it's trading near its support zone(15650- 15700) . From two days it's in the range if it break the support again then it may continue till 15500 level.or if break out above the range and trend line then it may test tge upper levels 15890. (➡️For reverse entry we have to go in to smaller time frame (15 min).if it started making higher high and higher low then we can go for long.)
here it's trading near its support zone(15650- 15700) . From two days it's in the range if it break the support again then it may continue till 15500 level.or if break out above the range and trend line then it may test tge upper levels 15890. (➡️For reverse entry we have to go in to smaller time frame (15 min).if it started making higher high and higher low then we can go for long.)
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Nifty
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