As predicted in early post Nifty remains in Complex Correction i.e Triangle , Good news is Big Move around the corner.
Technically on the daily charts major Nifty Spot Trend line support comes @ 16900 whereas minor resistance on the upside is capped around 17466 level.
Closing above 17466 on upside we are heading towards 18300.
Closing Below 16900 on downside More weakness towards 16000.
Below 17100 only Nifty Spot looks Weak for now.
Watch 14 RSI above 50 bullish and stays below 45 weak.
Above views For Educational Purpose Only.
Regards,
MD
Technically on the daily charts major Nifty Spot Trend line support comes @ 16900 whereas minor resistance on the upside is capped around 17466 level.
Closing above 17466 on upside we are heading towards 18300.
Closing Below 16900 on downside More weakness towards 16000.
Below 17100 only Nifty Spot looks Weak for now.
Watch 14 RSI above 50 bullish and stays below 45 weak.
Above views For Educational Purpose Only.
Regards,
MD
