If Nifty is managed to sustain above 17900-17960 then there is a high possibility to test it's next supply zone @ 18220-18320 in the next week.
I am expecting positive high volatility above 18220-18320 and choppy and sideways move between 17900-18320.
Other side of it will brake 17900 then it will be weak but I am not expecting smooth follow through on the down side because multiple supports.
I am expecting positive high volatility above 18220-18320 and choppy and sideways move between 17900-18320.
Other side of it will brake 17900 then it will be weak but I am not expecting smooth follow through on the down side because multiple supports.
Note
Weekly Chart --- from last 3 weeks nifty is able to close above 17900.Note
in lower timeframe 17850-17910 is a base --- CMP @ make or brake levelIn any case if it will manage to sustain above this zone then it will be bullish.
Below the levels it will be bearish.
Note
Expecting trending market in very soon.Note
Nifty is taking support from the higher level of Demand Zone which is 17900....in this case Nifty will try to test its Supply Zone on the upper side.
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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.