FINNIFTY FUT SEEMS NEGATIVEHERE, I am sharing my idea on Fin Nifty Fut at closing of 15th January, 2025.
Important points are as below:
1) STRONG DEMAND ZONE is at 22,000 TO 21,750.
2) NEXT DEMAND ZONE is at 21,400 to 21,275.
3) STRONG SUPPLY ZONE is at 23,100 to 23,550.
4) Clear bounce back from 22,500 level.
5) Long term view is BEARISH
RSI WITH SMA: RSI is still below it’s moving average but has crossed oversold level from below to above on 14th Jan. trading session.
- We can expect further upside trend till our supply zone that is: 23,100 – 23,550.
- As mentioned earlier, long term view is BEARISH, if Fin Nifty fails to breach this supply zone and start’s falling, it will be good opportunity to sell.
- 1st target: 22,000 – 21,750
- 2nd target: 21,400 – 21,275
This is simply my attempt to predict Fin Nifty, I am not asking anyone to trade based on this idea.
