Intraday for nifty

6 Haz 2022

Today nifty had shown clear signs for strong bearishness in the market . there are two support zones currently in the nifty 50 .the breaking of the first support will give us the target of the second support i.e. at the level of 16450. the time frame must be 5 min . The RSI has also shown he bearishness. The prices are also travelling at the support levels of the pivot points . If the prices travelled sideways for a longer tim then we might see an slight upward trend as well in the second half of the market.
#PRICE ACTION #TECHNICAL ANALYSIS #NIFTY 50 NIFTY