NIFTY SPOT SUPPORTS
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Nifty The benchmark index is looking weak and currently trading in downtrend on the basis of price action and on moving average basis so i tried to find out some key levels of supports on both parameters below
PRICE ACTION SUPPORTS-:
Support 1- 18127
Support 2- 17850
Support 3- 17384
MOVING AVERAGES SUPPORTS-:
EMA 20- 18403 Status Breached
EMA 50- 18188 Status Breached
EMA 100-17771 Status Active
EMA 200- 17364 Status Active
MOVING AVERAGES SUPPORTS
PRICE ACTION SUPPORTS-:
Support 1- 18127
Support 2- 17850
Support 3- 17384
MOVING AVERAGES SUPPORTS-:
EMA 20- 18403 Status Breached
EMA 50- 18188 Status Breached
EMA 100-17771 Status Active
EMA 200- 17364 Status Active
MOVING AVERAGES SUPPORTS
Note
PRICE ACTION 2ND SUPPORT TESTED
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