Nifty 22399 - A VTOP pattern could be seen in daily chart which is a pull back test of 22671 Support.
As per Bulkowski chart pattern "You can calculate a 38.2% retrace of the move up on the left side of the pattern. If price closes below the computed value, then consider selling" which is at 22870.
Last session Call writers very aggressive and didn't allow to raise Nifty above 22448 Though PUT writers try hard to push up the Nifty. In Fact Call writers were successful pushing down to a low 22340.
As long as Nifty trade below 22528 we shall expect Nifty to go down further to 209395 !!!
As per Bulkowski chart pattern "You can calculate a 38.2% retrace of the move up on the left side of the pattern. If price closes below the computed value, then consider selling" which is at 22870.
Last session Call writers very aggressive and didn't allow to raise Nifty above 22448 Though PUT writers try hard to push up the Nifty. In Fact Call writers were successful pushing down to a low 22340.
As long as Nifty trade below 22528 we shall expect Nifty to go down further to 209395 !!!
Note
Trades today22900 - 235 at 09:50
Closed at 290 @ 10:42
22900 - 227.35 AT 11:15
Closed at 285 @ 14:05
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.