NIFTY at a make or break situation!

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I had previously shared a NIFTY chart where I had asked to short NIFTY below 17k level with 5 supports underneath. NIFTY has breached all those supports and now standing on Trendline 2.

The link of previous idea is attached underneath.

Now if NIFTY breaches trendline 2 and breaks the latest low level then lower support levels are marked in the chart.

If it reverses from here then my 5 support levels mentions in the previous chart will now become our resistances on the upper move.

Disclamer: My idea is purely for educational purpose and kindly take a trade based upon your risk management. Always book partially and use a strict trailing stop loss.

Learn & Earn,

Dr. Tanya Kumar

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