This is NIFTY D chart showing the Strong Resistance Zone where in the Past several times Nifty has taken reversal.
I have read Somewhere that more testing of a Zone (Support or Resistance any) makes it Weaker.Now it seems that from here Nifty will take a little bearish stance and when all retailers will sell looking at the previous data FII's will buy heavily taking the Nifty to Cross it.
What do you Suggest.Please Comment.
I have read Somewhere that more testing of a Zone (Support or Resistance any) makes it Weaker.Now it seems that from here Nifty will take a little bearish stance and when all retailers will sell looking at the previous data FII's will buy heavily taking the Nifty to Cross it.
What do you Suggest.Please Comment.