NIFTY is showing clear Lower Highs formation on the Weekly chart.
If the neck line of 23,555 will break this week and sustain till Friday (end of this week), then this can be taken as the start of Bearish trend on NIFTY as this would mean that the Yearly Pivot for 2025 has been rejected.
February or March series Put positions can be built up for a target of 21,110 levels.
If the neck line of 23,555 will break this week and sustain till Friday (end of this week), then this can be taken as the start of Bearish trend on NIFTY as this would mean that the Yearly Pivot for 2025 has been rejected.
February or March series Put positions can be built up for a target of 21,110 levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.