Nifty chart Trend

Index Name: Nifty
Analysis Date: 23 Jan 2019
Action : Short Sell

Duration: 1 week to 3 months

Currently Nifty following head & shoulders chart pattern with minor and major time frame. The availability of ascending triangle in minor time frame once break will hit minor support level 10333. If upcoming market sentiments are good, then bounce back possible from support level 
10333 to 10850 to 11150 otherwise will touch 9920-9850 level.

Indices and stocks having more volatility that the reason choppy market and more chances go down with break major trend line.

Resistance levels are:
10877    10976    11053    11130    11239    11378

Support levels are:
10669    10636    10577    10478    10402    10325

Upcoming levels & scenario will update

Stock market is subject to market risk. This analysis is education purpose only.
Its opinion, buy-sell it’s your choice.