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keshevdugar

How much will NIFTY 50 fall in coming days?

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S&P CNX NIFTY INDEX FUTURES (NSE:NIFTY1!)  
keshevdugar  
NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
Trend Analysis Wave Analysis NIFTY1! NIFTY nifty50
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trendanalysis waveanalysis nifty1! nifty nifty50
The chart is self explanatory
If NIFTY falls below 17000 then 16500 will be the only support and then 15000 levels (200 EMA )
But these are extreme levels to which NIFTY 50 can fall
17550/17400/17050 are the next support levels for this expiry and 18000 is a stiff resistance

RSI below 50 and Volumes increasing on sell side is a matter of concern.

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