- Nifty on a 1D TF is trading near a very crucial supply zone
- Now the thing to notice would be how it reacts from this zone
- I would insist everyone stay cautious and not fall in the trap of making something when the risk is too much
- It can be very risky to initiate future longs here when you can see Nifty hovering near a supply
- For longs risk here is almost 10% and reward stays around 2%
- Logically shorts are more favourable than longs
- Now the thing to notice would be how it reacts from this zone
- I would insist everyone stay cautious and not fall in the trap of making something when the risk is too much
- It can be very risky to initiate future longs here when you can see Nifty hovering near a supply
- For longs risk here is almost 10% and reward stays around 2%
- Logically shorts are more favourable than longs