Nifty support at 10500

Nifty is still in uptrend with the immediate support at 10500 levels. The trendline will be considered broken for the year 2018 only if it falls below 9000 level which was the double resistance level for nifty in the past.

Key levels to watch : 10500 , 1000

Kommentera:

Nifty testing and holding 10500, however the global markets are the one driving the daily behaviour. If Dow will fall again today, 10500 could be breached, next support would be 10285 (50% retracement from the top), which is also the tail of the candle formed today.