How much will NIFTY 50 fall in coming days?
The chart is self explanatory
If NIFTY falls below 17000 then 16500 will be the only support and then 15000 levels (200 EMA )
But these are extreme levels to which NIFTY 50 can fall
17550/17400/17050 are the next support levels for this expiry and 18000 is a stiff resistance
RSI below 50 and Volumes increasing on sell side is a matter of concern.
FOLLOW ME for more such content ahead...Till then,
HAPPY TRADING :)
If NIFTY falls below 17000 then 16500 will be the only support and then 15000 levels (200 EMA )
But these are extreme levels to which NIFTY 50 can fall
17550/17400/17050 are the next support levels for this expiry and 18000 is a stiff resistance
RSI below 50 and Volumes increasing on sell side is a matter of concern.
FOLLOW ME for more such content ahead...Till then,
HAPPY TRADING :)
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