Swapilchoksi

Nifty: Next Demand Zones

Education
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.


Disclaimer

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.