The index is sustaining to its major resistance zone that is 15862 to 15878 which is also known as the "SUPPLY ZONE".
The index is facing downtrend after touching its all time high. The market consolidated somewhere.
The first support is on 15737.
If the index goes breaks its support level mentioned above then the index move to next support which is on 15683.
The index also showed rounding bottom pattern. So if it sustained on the levels of 15737 then the index can show the life time highs again.
This review on NIFTY INDEX is for educational purpose. You should ask your financial advisor before trading.
The index is facing downtrend after touching its all time high. The market consolidated somewhere.
The first support is on 15737.
If the index goes breaks its support level mentioned above then the index move to next support which is on 15683.
The index also showed rounding bottom pattern. So if it sustained on the levels of 15737 then the index can show the life time highs again.
This review on NIFTY INDEX is for educational purpose. You should ask your financial advisor before trading.