Nifty Rising Wedge Pattern
Nifty Is making Rising Wedge pattern and can turn bearish once it broke the support trend line. Keep an eye if it's breaking bottom trend line to exit the trade first major support level is at 15433, and next is at 14755.75. Enter downward trade only if it give strong closing (2 consecutive) below trendline. Short term Pivot Levels are given below.
PIVOT LEVELS Classic
R1 15,812.93 R2 15,942.52 R3 16,123.53
PP 15,631.92
S1 15,502.33 S2 15,321.32 S3 15,191.73
NEVER RUN BEHIND THE TRADE KEEP PATIENCE TO GET PRICE TO YOUR DESIRED SUPPORT/ RESISTANCE LEVLES TO ENTER A TRADE
Disclaimer:
The views provided solely for information purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The information presented is for general information purposes only. Although every attempt has been made to assure accuracy, I assume no responsibility for errors or omissions
PIVOT LEVELS Classic
R1 15,812.93 R2 15,942.52 R3 16,123.53
PP 15,631.92
S1 15,502.33 S2 15,321.32 S3 15,191.73
NEVER RUN BEHIND THE TRADE KEEP PATIENCE TO GET PRICE TO YOUR DESIRED SUPPORT/ RESISTANCE LEVLES TO ENTER A TRADE
Disclaimer:
The views provided solely for information purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The information presented is for general information purposes only. Although every attempt has been made to assure accuracy, I assume no responsibility for errors or omissions
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