Nifty what's our view
We had posted 17479 would be the trend decider in the morning post 
As we had posted 17479 worked as a perfect support for the day.
Volume was decreasing with Price falling down.
To trap hidden sellers a spring move ( false breakout of support ) had been made and price has been moved higher.
What is a spring
A Spring is simply a false breakout of the consolidation area where weaker hands expect a larger retracement or breakout. The market breaks out of the consolidation only to return in late trading or the next day.
As we had posted 17479 worked as a perfect support for the day.
Volume was decreasing with Price falling down.
To trap hidden sellers a spring move ( false breakout of support ) had been made and price has been moved higher.
What is a spring
A Spring is simply a false breakout of the consolidation area where weaker hands expect a larger retracement or breakout. The market breaks out of the consolidation only to return in late trading or the next day.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.