NIFTY Daily Analysis: 4thJuly2022 NIFTY trading b/w 15600 -15900
Hi Traders/Investors,
NIFTY is trading between a small 300 point range n break on either side would trigger sharp volatility.
UPSIDE momentum looks strong in NIFTY as well as Bank NIFTY.
There is a Supply Zone between 15900 to 15930, which can act as first line of resistance tomorrow if there is not a gap up. There is a gap on UPSIDE between 15900 - 16170 levels, watch out for that tomorrow, it might get filled.
Chances are NIFTY might reach to 16100 levels pretty quick if the Bulls take charge on it anytime soon, 16172 is a crucial resistance level on UPSIDE.
On Downside, NIFTY can take support from Demand Zone between 15700 - 15660.
Regards,
Anshul
NIFTY is trading between a small 300 point range n break on either side would trigger sharp volatility.UPSIDE momentum looks strong in NIFTY as well as Bank NIFTY.
There is a Supply Zone between 15900 to 15930, which can act as first line of resistance tomorrow if there is not a gap up. There is a gap on UPSIDE between 15900 - 16170 levels, watch out for that tomorrow, it might get filled.
Chances are NIFTY might reach to 16100 levels pretty quick if the Bulls take charge on it anytime soon, 16172 is a crucial resistance level on UPSIDE.
On Downside, NIFTY can take support from Demand Zone between 15700 - 15660.
Regards,
Anshul
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