Hi All,
As expected, after breaking crucial supports, Nifty continued the downward journey and touched the crucial supports near 10600.
On daily charts, Nifty has multiple upward gaps (support area) near 10513-10566-10588, hence the area of 10500-10600 might act as supports for markets.
People who have Nifty short can book part profits and trail stop losses. Nothing positive on charts as of now to go long...
Cheers
Hrishi
As expected, after breaking crucial supports, Nifty continued the downward journey and touched the crucial supports near 10600.
On daily charts, Nifty has multiple upward gaps (support area) near 10513-10566-10588, hence the area of 10500-10600 might act as supports for markets.
People who have Nifty short can book part profits and trail stop losses. Nothing positive on charts as of now to go long...
Cheers
Hrishi
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