Nifty 50 IndexLong
Nifty --Consolidation or Bullish??
Nifty is near to its demand zone @22500 levels
But lot of liquidity lies above 24300 and near 22500 levels,
Previously price changed its direction from this place at 22800.
Case1: Consolidation
If price consolidation happens at these levels after a liquidity grab price turns its direction from bearish to bullish.
A strong fall witness an exhaustion of shorts near to demand zone.
If we observe consolidation price turns to be bullish from this levels after liquidity.
Case2: Bullish --No Liquidity below 22800 --Fall again from 24300.
If price unable to break this level of support at 22800 and grabs the liquidity near 24000 levels,
Price fall again to take the liquidity below 22800 levels,to test the mid level of support at 22500.
Look for buying opportunities in Nifty.
But lot of liquidity lies above 24300 and near 22500 levels,
Previously price changed its direction from this place at 22800.
Case1: Consolidation
If price consolidation happens at these levels after a liquidity grab price turns its direction from bearish to bullish.
A strong fall witness an exhaustion of shorts near to demand zone.
If we observe consolidation price turns to be bullish from this levels after liquidity.
Case2: Bullish --No Liquidity below 22800 --Fall again from 24300.
If price unable to break this level of support at 22800 and grabs the liquidity near 24000 levels,
Price fall again to take the liquidity below 22800 levels,to test the mid level of support at 22500.
Look for buying opportunities in Nifty.
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**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
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.