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svapnilchoksi

Nifty Trading In The Supply Zone

Short
Nifty 50 Index (NSE:NIFTY)  
svapnilchoksi Updated   
NSE:NIFTY   Nifty 50 Index
Trend Analysis NIFTY supplydemandanalytics
2
0
trendanalysis nifty supplydemandanalytics
There is a Supply Zone @ 17800-17900 and 17935 to 18320.
Currently it is trading in the 17800-17900 Supply Zone.
Risk to reword is favourable to take a short position.
It will be strong once 17800-17900 supply zone will convert into Demand Zone.
Comment:
Strong Buying is absent from the supply zone ... positive sign for Short Position...Still Strong selling is also absent....Let's see...
Comment:
It is important to get the strong follow through below 17800 otherwise...will have to close the short position
Comment:
Comment:
When price is moving up...Heavy Short position is crated in 17900 and 18000 CE in Monthly Exp...not able to see bullish price action from supply zone... very confusing between 17800-17900
Comment:
Nifty @ 17840 --- Expecting trending market on the downside

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