NIFTY may 2024 outlook
Updated
cmp : 22442
demand zone : 22305-22392
supply zone : 22740-22810
nifty is respecting both demand and supply zone.
breaking any one zone will be indication for next big directional move of 2-4%
price action suggest bearishness but if demand zone is respected it may bounce back.
any dip towards demand zone should be treated as buying opportunity with strict stop loss
GAP FILLUP PENDING 22140-22200
personal bias - bullish in medium term
note : just a educational publication and not a trading recommendation.
demand zone : 22305-22392
supply zone : 22740-22810
nifty is respecting both demand and supply zone.
breaking any one zone will be indication for next big directional move of 2-4%
price action suggest bearishness but if demand zone is respected it may bounce back.
any dip towards demand zone should be treated as buying opportunity with strict stop loss
GAP FILLUP PENDING 22140-22200
personal bias - bullish in medium term
note : just a educational publication and not a trading recommendation.
Note
filled the gap. missed to take support at 22100 . if closes above 22350 view is bullish or else avoid longsNote
22160 make or break level.21900 or 22450 ?
Note
21900-21767Note
21900 breached today. might see spike at 21767
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