chart study of Nifty futures

educational purpose only

chart study of Nifty futures

I think 17000 followed by 17850 (doesn't look likely) will be a strong support whereas 17250 look like a minor resistance.

I think one strong push and nifty futures will break through 17250 and we might see a new high.

educational purpose only

Please note that the trend of Nifty future doesn't change until we get a strong closing above 17900.00 but this doesn't mean we will not see swings and I am expecting one soon.

The strategy till then should be sell on rise and the trades should strictly be intraday.

trend will change from down to neutral once we see a closing above 17500.00 and we can expect a new uptrend above 17900