On Daily Timeframe, NIFTY trading in falling broadening wedge pattern. Currently it's trading in downtrend direction and this downside can expected upto near 15000 level or downside support level. At this location investor or short term trader can look for buying side positions on reversal confirmation. For long side investors can wait either bottom support level or breakout of upside resistance level.
Disclaimer: Consider this post as an education purpose only. All mentioned levels and assumptions based on historical movements. Before taking any position don't forget to consult with your financial advisor.
Disclaimer: Consider this post as an education purpose only. All mentioned levels and assumptions based on historical movements. Before taking any position don't forget to consult with your financial advisor.
