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dhananjay.d.joshi
Apr 16, 2016 11:49 AM

Nifty Channel and Demand Supply Analysis  

Nifty 50 IndexNSE

Description



There are several methods of plotting price channel, in my opinion drawing it from closing value is more logical when we are looking at long term charts.

Considering this we are out of recent down trend channel and yet to close above main down trend channel, the supply zone and channel are crossing each other just above current price. we can expect very strong resistance around this level.
Comments
gnayan
where can i get the demand supply analysis script
dhananjay.d.joshi
@gnayan, as of now there is no script , you need to identify zones manually
gnayan
where can i get the demand supply analysis script
AMBRISH
Next support at 7755 7601 and 7525.
dhananjay.d.joshi
Yes around 7762 and 7591 one can book the profits.
AMBRISH
Thank You,
AMBRISH
It is time to short nifty ,
dhananjay.d.joshi
Yes.
AMBRISH
Thanks.
dhananjay.d.joshi
As expected price is not able to go above the red zone (supply zone)
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