Is Nifty 50 going to break it's support!
Nifty50 is at the fag end of the Bull trap. It fell short of it's Fibo resistance, didn't even touch it. It's candles have been small lately. It has taken it's 3 month's trend line support. Between trend line support and Fibo resistance, it has very little room for manouvering. It either has to breakout the resistance in next few days or break it's support on Monday....
If it falls on Monday August 16, it would be good short. It's last resistance was 10900, so the first support will be here. It has taken support here on Aug 3. That would you be your approximate target.
If it falls on Monday August 16, it would be good short. It's last resistance was 10900, so the first support will be here. It has taken support here on Aug 3. That would you be your approximate target.
Aviso legal
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