Nifty futures
*Educational purpose only | I am not a SEBI registered professional and I am not trying to give trading calls!
Daily chart of Nifty Future
1. The chart is clearly in a downtrend and the candles are not being able cross the trendline above. Candles touched the resistance, the upper trendline line on the 24th of December but couldn’t break it.
2. A strong support is at 16700 levels and the resistance is seen at 17400+. The candles have not been able to break the resistance after 14th December and the down trend has continued.
3. 17150 and 16930 is a strong sell zone so long positions can only be built once the candles cross and sustain above 17150.
4. MACD signals show a sideways trend, but RSI has above the 50 zone.
*it is better not to trade unless we can identify a solid trend.
Daily chart of Nifty Future
1. The chart is clearly in a downtrend and the candles are not being able cross the trendline above. Candles touched the resistance, the upper trendline line on the 24th of December but couldn’t break it.
2. A strong support is at 16700 levels and the resistance is seen at 17400+. The candles have not been able to break the resistance after 14th December and the down trend has continued.
3. 17150 and 16930 is a strong sell zone so long positions can only be built once the candles cross and sustain above 17150.
4. MACD signals show a sideways trend, but RSI has above the 50 zone.
*it is better not to trade unless we can identify a solid trend.
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.
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.