IIT-Trader

NIFTY--Supply zone@21700 ??

IIT-Trader Updated   
NSE:NIFTY   Nifty 50 Index
After a strong fall, expecting some retracement in nifty.
on topside supply zone is identified at 21650-21700 levels.
so liquidity is lies above and below this levels,
after testing these levels again have a chance of fallback to test the demand zones at 21300 levels and at 20800 levels.
If 21300 level fails to push it upside, quick drop and rise will see in coming sessions.
so this week mostly in this range 21700-21300 levels.
Be careful, long after 21700 short below 21300.
Comment:
No chance for sellers to go down.... keep in long side...
Fully consolidation more chances of continuation upside
Comment:
Liquidity has been done above 21700 levels...

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