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Nifty 50 Futures chart analysis

Nifty 50 Futures chart analysis

Nifty Futures formed bullish engulfing on daily frame chart
[Bullish engulfing means the red candle covered by green candle with huge volume it means buyers were in control of the market]
Nifty Futures closed above the intraday pivot point control region this positive sign for market ..
And as I told before that is if Nifty tradeed above 17500-17530 levels then more people will run for covering if you see the data about Futures more shorts get covered after breakout 17500 level which is crucial zone for Nifty Futures


🎯 Key levels to watch out for tomorrow
Uptrend only when Nifty breakout of crucial resistance zone of 17630-17650 (from this region Nifty Futures getting shorting means pull back from this level )
Downtrend when it breaks the crucial support zone ie 17340-17320 (market get bounce from this level acting as demand zone )
These are crucial zone for Nifty Futures for intraday
Don't short the market until breakdown of 17450 level then only write otherwise u will run for covering

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