Nifty still ranges between the major resistance zones. It has been trying to breach the zone for three days but has failed. This current attempt is closed with a strong bullish candle, which means next session it is quite possible we can have a breakout and prices to reach the Possible Reversal Zone.
On breakout of this zone between 24140 to 24353-55, the possible reversal zone is 24678 to 24365. If the price rejects this resistance, then we will witness a new rally in Nifty prices.
On breakout of this zone between 24140 to 24353-55, the possible reversal zone is 24678 to 24365. If the price rejects this resistance, then we will witness a new rally in Nifty prices.
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