1st Bullish Sign if Nifty will give daily close or sustain above 11200. In this case Nifty may test its next Major Supply Zone @ 11300. and in any case If it will manage to sustain above 11300 then it my test its next Supply Zones @ 11350-11450.
There are multiple Demand Zones between 11050 to 11200. In any case if it will give daily close or sustain below 11200 then, I may take a short position in 11000 put.
11050 to 11300 is a Sideways Zone but I will not preferer to take positional short trade because still there is no damage in short term bullish structure.
Thank x
Have a gr8 Weekend :)
There are multiple Demand Zones between 11050 to 11200. In any case if it will give daily close or sustain below 11200 then, I may take a short position in 11000 put.
11050 to 11300 is a Sideways Zone but I will not preferer to take positional short trade because still there is no damage in short term bullish structure.
Thank x
Have a gr8 Weekend :)
Comment:
1st Positive sign is that from last 3 days Nifty shifted its sideways range on the upper side ( above 11250).
Next Major hurdle @ 11400. Once it will sustain above 11400 it will move to 11480-11500 zone.
Next Major hurdle @ 11400. Once it will sustain above 11400 it will move to 11480-11500 zone.
Market will be choppy between below 11350. I will update once breakout will come and market will be trending.