Nifty1 trying to break a previous trendline

On 30 minutes chart Nifty (this is the near month future chart) is trying to break a previous support trendline. This may become a make or break situation for Nifty for this day.

評論:

Nifty1 brakes another support at 16860.

評論:

Next support comes at 16550.

評論:

Anyone who took a trade (shorted or bought put or any bearish option strategy) when Nifty1 broke the support trendline at 11:45a.m. is smiling big now.