Nifty: Downside and Upside Levels.

NSE:NIFTY   Nifty 50 Index

Above 10450 there are multiple supply zones and on the downside, there is a major demand zone @ 10125-10390. This is the last hope level. Once it sustains below this level the next level is 9850-9775. But it’s not easy to break 10125-10390 straight away.

If Nifty will sustain above 10470-10500 then it may bounce to 10585-10680. Above 10585-10680 the next major supply zone is 10750-10770.