Please find supply and demand zones in the chart.
From last 2 trading days it is holding 4200 level. Next hurdle @ 4250.For price action it will have to sustain above 4240-4250 supply zone for 15-30 mints.
Aggressive new long position made on Friday.
Keep this on your radar.
@shrinivasraj, Hi Shri. On 16th Jan it broke this supply zone @ 4200-4220 and sustaining above this zone. Now it is a demand zone for this stock. On 17th Jan New long position was created and OI incensed by 0.3%. Also there was a short covering in 4200 call writing.
It should give a strong momentum once it will sustain above 4250. I cant predict the time but yes unless and until if it will hold 4200 then i may carry my long position and my targets are 4290-4330 +++
Thank x - Trade Well.