dhananjay.d.joshi

Nifty At supply zone

NSE:NIFTY   Nifty 50
snapshot

We all know that we are at supply zone and generally price is expected to correct from supply zone , but in our case same is not taking place. we are correcting on time instead of price.

Aggressive trades can take long or short positions according to entry levels. RR is good in short trade but current trend is UP so one needs to be really aggressive to short. If market corrects from current levels then gains will be good.

Last trade on long side was really good and market rewarded the long side nicely. Let's wait and see what market is up to in this week.

This is not investment advice. :-)
After long consolidation we are having breakout, we had entry in short and long within this period. Short got stopped and we have fresh long entry. The analysis of the nifty remains the same. Till the time we are above demand zone below the price.
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As expected market holding back and consolidating at current levels.
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the move is over now, -) --)
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