IIT-Trader

NIFTY--Strong Supply@ 18440-18460 ??

IIT-Trader Updated   
NSE:NIFTY   Nifty 50 Index
Price is exactly closed in the strong Demand zone, which is previous supply zone.
if this zone acts as support, price will go up, up to the next resistance @ 18438-18458 range. Résistance + supply zone. = Strong push to downwards may observe.
Today's fall is due to previous supply zone @18400 levels, We are left with one supply that is not tested @ 18438-18458 levels.
Look here for sell for the target of 18360 and 18260, if price falls below keep in the trade up to 18000 levels.

Keep note ::
Price may be consolidate between the supply@ 18400 and supply zone @18440 levels, enter on breaking the 18400 and retest of any supply to below levels.

If price is not able to break and still in the same range the expiry neutral.
Comment:
Comment:
Next Resistance@ 18520
Comment:
Fake breakout may happens here.

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