Will nifty take support from current level ?

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S&P CNX NIFTY INDEX FUTURES (NSE:NIFTY1!)

NSE:NIFTY1! S&P CNX NIFTY INDEX FUTURES

trendanalysis chartpattern indicator nifty niftyanalysis support supportzones trendlinebounce trendtrading trendanalyisis oversold stochasticoscillator

Nifty may take support from current level,
because it is trading at confluence of:

1. support zone
2. Trendline support
3. oversold stochastic oscillator

we need evidence of demand to enter in long trade,
a bullish candle.

Note : only for learning, not a trading tip.