Here this week nifty again recovered back from week's low of 16900 and reached 17400 on thursday i.e., on expiry day but couldn't sustain above that, and then gave a mild close in red the very next day. Now for next week we got some new levels for market to test that is the major gap that formed(17147-16887) might be tested week. And further with results season has started we can expect some wild swings on the days of major companies result day. I am expecting a choppy movement inside the supply and demand zones marked.
Happy Trading :)
Disc: Chart posted only for learning purpose.
Happy Trading :)
Disc: Chart posted only for learning purpose.