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.