There is a Supply Zone @ 17800-17900 in Weekly and Monthly both Timeframe. Weekly closed in the Supply Zone.
Nifty having multiple supply zones @ 17800-17900 and 17935-18300. There are multiple Supply Zones on the Upper side. Demand Zone @ 17400-17450
I will find sell opportunity if there is a negative price action from Supply Zone.
I will find buy opportunity if there will be a strong buying from first Supply Zone and if price will able to sustain above 17950. Positive Sigh is there is RSI Divergence on Daily Chart...
Nifty having multiple supply zones @ 17800-17900 and 17935-18300. There are multiple Supply Zones on the Upper side. Demand Zone @ 17400-17450
I will find sell opportunity if there is a negative price action from Supply Zone.
I will find buy opportunity if there will be a strong buying from first Supply Zone and if price will able to sustain above 17950. Positive Sigh is there is RSI Divergence on Daily Chart...
Note
NIFTY FMCG and NIFT AUTO outperformed last weekStocks: ITC - BRITANNIA - M&M - NDR AUTO COMPONANTS - AUTOMOTIVE AXLES
Trade active
Negitive Price Action from 17800-17900 Supply Zone. Note
Note
I think Yesterday's17700 Put writer are Trapped...they failed to move price above supply zoneNote
Closed and Booked profit in Short Position
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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.