A trendline is supporting Nifty near today's closing level.
As you can see in the chart, a long term trend line is offering support to the today's low, which is not very far from closing.
This line is important for reversal or a short covering bounce up, tomorrow we have a weekly options expiry too. The developments can be interesting.
Traders may use this line to create, hold and book positions tomorrow or for next few days.
12100 is indeed a major support for tomorrow.
Trade in either direction keeping this in mind.
Consider liking this post if you find it worthy, you may send me a Direct Message for any query or Follow Me for regular updates on indices n select stocks.
This line is important for reversal or a short covering bounce up, tomorrow we have a weekly options expiry too. The developments can be interesting.
Traders may use this line to create, hold and book positions tomorrow or for next few days.
12100 is indeed a major support for tomorrow.
Trade in either direction keeping this in mind.
Consider liking this post if you find it worthy, you may send me a Direct Message for any query or Follow Me for regular updates on indices n select stocks.