dhananjay.d.joshi

Nifty after crossing supply area

NSE_EOD:NIFTY   Nifty 50
45 1 2
snapshot

Nifty             closing above supply area on daily charts , 8225 to 8321 is another supply area.

If it continues the upmove we can c nifty             trading till 8500 levels only if it closes above the next supply area i.e. of 8225.

Need to be watchful around 8225 area as it is 61% fib, of previous fall.
Thank you for update and caution on Nifty,
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