Nifty: Positive - High Possibility to Test Next Supply Zone
If Nifty is managed to sustain above 17900-17960 then there is a high possibility to test it's next supply zone @ 18220-18320 in the next week.
I am expecting positive high volatility above 18220-18320 and choppy and sideways move between 17900-18320.
Other side of it will brake 17900 then it will be weak but I am not expecting smooth follow through on the down side because multiple supports.
I am expecting positive high volatility above 18220-18320 and choppy and sideways move between 17900-18320.
Other side of it will brake 17900 then it will be weak but I am not expecting smooth follow through on the down side because multiple supports.
Comment:
Weekly Chart --- from last 3 weeks nifty is able to close above 17900.
Comment:
in lower timeframe 17850-17910 is a base --- CMP @ make or brake level
In any case if it will manage to sustain above this zone then it will be bullish.
Below the levels it will be bearish.
In any case if it will manage to sustain above this zone then it will be bullish.
Below the levels it will be bearish.
Comment:
Expecting trending market in very soon.
Comment:
Nifty is taking support from the higher level of Demand Zone which is 17900....
in this case Nifty will try to test its Supply Zone on the upper side.
in this case Nifty will try to test its Supply Zone on the upper side.
