As we can see NIFTY has recovered strongly exactly from our demand zone and has closed at very crucial zone which previously acted as a demand zone, can now act as a supply zone hence unless NIFTY breaks either side of the consolidation, it can remain sluggish to negative so plan your trades accordingly and keep watching.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.