Nifty Weekly Analysis - Still Correction is Pending

NSE:NIFTY   Nifty 50 Index
Nifty is in a bullish trend in all higher time frem but still one small correction is pending which will be around to 12000-12050 zone.
Before this correction 12300-12345 will be the major supply zone and 12000-12050 and 11975-12000 will be the strong demand zones.
I am not expecting one way fall or one way upside because there are multiple supports at downside and resistance at upside. So I will create long or short position in option writing instead of Future.

Trade Well


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.