nifty approaching demand zone

Updated

Former resistance turned support should stem the fall and act as a demand zone for a bounce. Below that approaching long term rising trend line. Only a close below these levels would create a case for visit to 10500-10550 levels

Trade active

the desired bounce has come and needs a close above 11350 levels for an uptrend to resume. With an event looming there should be lot of volatility ahead

Trade closed: target reached

now how far it goes or whether it corrects all depends on 23rd may

rajivrathi

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