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IIT-Trader
Jan 18, 2024 4:32 PM

NIFTY--Supply zone@21700 ?? 

NSE:NIFTY30
Nifty 50 IndexNSE

Description

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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

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No chance for sellers to go down.... keep in long side...
Fully consolidation more chances of continuation upside

Comment

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Liquidity has been done above 21700 levels...
Trend AnalysisSupply and DemandSupport and Resistanceniftytrendniftypredictionniftytradesetupniftyviewniftylevelsniftyoutlookniftyintradaytradesetupniftyoptionsniftylong
Comments
IIT-Trader
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what do you think about this idea??
Krishinas
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just marked your details and as already in shorts waiting to exit cost to cost
IIT-Trader
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@Krishinas, Price is trading above the bearish Zone... They will take the price again to ATH...before Budget volatility is more
Krishinas
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thank you ,will take cost to cost 🙏
IIT-Trader
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@Krishinas, even though it is bearish decay is more...be cautious. Better to avoid until budget.
Krishinas
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out of trade without loss 🙏
Krishinas
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This looks still valid
IIT-Trader
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@Krishinas, no Ignore Short
MyCryptoParadise_Nathan
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Identifying the supply zone at 21650-21700 and potential fallback to demand zones at 21300 and 20800 adds strategic insights
IIT-Trader
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@MyCryptoParadise_Nathan, thank you.
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