Nifty

*educational purpose only

This is the 4h chart of Nifty futures. I use 1h, 4h and daily timeframe for safety of my trades.

The chart is clearly in a downtrend. The candles are resisting the vwma indicator. The volume bars are decreasing in size.

I don't think that this is the time to be over-optimistic yet.

Support at 16430 levels
Resistance at 17300 levels