NIFTY @ 24200 LIVE UPDATE
Nifty failed to hold the morning support which has given indication that NIFTY is on its way towards the last and final Panic Selling leg downside. Now as per the 5 mins time frame chart it's showing that 2 more lower lows is pending from yesterday's high 24492 spot levels. So either nifty can retest 24070 and form a double bottom or it can form a lower low below 24070 and forms a POSITIVE DIVERGENCE ON DAILY TIME FRAME.
Now on the way up 24395 spot is the crucial resistance to watch when NIFTY touches this levels we will get confirmation that NIFTY has completed its selling which started from ATH.
Nifty failed to hold the morning support which has given indication that NIFTY is on its way towards the last and final Panic Selling leg downside. Now as per the 5 mins time frame chart it's showing that 2 more lower lows is pending from yesterday's high 24492 spot levels. So either nifty can retest 24070 and form a double bottom or it can form a lower low below 24070 and forms a POSITIVE DIVERGENCE ON DAILY TIME FRAME.
Now on the way up 24395 spot is the crucial resistance to watch when NIFTY touches this levels we will get confirmation that NIFTY has completed its selling which started from ATH.
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