As we can see NIFTY breached and closed below our demand zone hitting our SL. The downfall was potentially because of the forthcoming implementation of tariff from august which has now been delayed for another 90 days could give some relief to indian markets but we must wait for signs of REVERSAL for making new entry and no new entry should be made unless NIFTY manages to sustain itself above the demand zone. Hence as long as we are below the demand zone, NIFTY tends to be negative to volatile so can be avoided unless strong signs that confirms the direction is seen. 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.