As Posted in Our Previous Blog (https://www.stocktech.in/post/niftyjune2021) Nifty exactly Came Down From Our Suggested Levels of 15910 Levels to almost -300 Points.
Today nifty Made a Low of 15635 which is actually a trendline support. if nifty sustains this level a recovery to our Previous resistance levels of 15910 can be expected. As highlighted in the Image Below.
But a Breach of the Trendline Would Further Bring Nifty Down to 15450 Levels where we have a strong demand zone- with a Conventional Support.
Our Bias: We Are bullish on Nifty Currently- and with Strict Stop loss. We are Trading at low Quantities in our portfolios in current Markets. As we Believe the Markets will be in sideways .