Analysis on NIFTY for Intraday as well as Short to Midterm

22 Şub 2021

Analysing the Nifty Chart on 1-Hour Time frame I find that NIFTY has broken an important level @ 14751 with huge volumes today.This level acted as resistance on 21st Jan 21 and 2nd Feb 21.Subsequently it was broken and hence forth acted as support.This could mean that NIFTY may fall to the level of 14214 and subsequently 13590.These are next suphttps://in.tradingview.com/chart/K8Rnh7iz/port levels.