Hello readers,

Today, I will share the chart of Nifty 50 and let's see how does that look on daily and weekly charts.

Nothing much to say, Have a look on this Nifty chart. We are right now trading at resistance turned support level. The region/zone is marked in the chart below.

The Daily Chart

On the weekly chart, we are forming a bearish engulfing candle as was formed last week.

The Weekly Chart

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Disclosure: It is safe to assume that i might have in my portfolio and hence my point of view can be biased. Readers should consult their financial advisory before any investments. This is not a Buy/Sell call but just meant for reader Education purpose.

This article is contributed by Prateek Dhuper on Fri May 18 2018 21:21:12 GMT+0530 (IST)

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