As we can see despite NIFTY's weak opening, NIFTY managed to recover strongly exactly as analysed and also got rejected from our demand zone turned supply zone. Hence as long as we are between 25000 to 24400 level, NIFTY might remain sideways to volatile with no clear direction so we must we for NIFTY to close either side of the zone for confirmation of trend so plan your trades accordingly and keep watching everyone.
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Disclaimer
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.