Swapilchoksi

Nifty: Next Demand Zones

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NSE:NIFTY   Nifty 50 Index

On Friday Nifty failed to sustain above its current supply zone @ 11920-11025. Now next demand zone @ 10780-10815.

10780-10815 is a last major demand zone for Nifty Once it will sustain below this zone then it may test its next major demand zone @ 10430-10510. There is one minor support @ 11630.


Micros ( Gold and USDINR ) are very strong and it’s negative for the equity market.
GOLD: I am bullish on Gold . Strong support @ 1637 - 1600 and upper side targets are 1710-1750-1765-1780-1800.
USDINR: USDINR Trading Near Crucial Level which is 74.100 to 74.500.
If it will sustain above 74.500 then next levels will be 75.35-75.60 and 76.00-76.30
If it will not sustain above 74.500 then next support @ 72.90-73.30.

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