Nifty: Chart set up & important levels

Nifty

Important levels on the down side: 16840 / 16812 / 16768

Important levels on the upside 17055 / 17140 / 17330

16985-16880 could be consolidation level for Nifty

Till the time Nifty is above 16840 I might be inclined towards buying the Dips

Take care & safe trading...!!!

Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
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