There was a Daily Trend Line Breakout for NIFTY50 and then We saw a Unhealthy up movement. Now the Price is on the extreme of a weekly Supply zone. There can be a Pull back now till Daily EMA20 @ 23050. If it takes Support from Daily EMA it should then Try and Break Weekly Supply Zone Above 24000 NIFTY will be considered in UPTREND again.
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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.