Nifty 50 is currently at the weekly supply zone

Jul 10, 2021

Nifty has slip its value as of Friday and it is currently in an accumulation / distribution which depends on the market direction of this coming Monday. With context to RSI the indices is oversold and is ready for a possible reversal. The Friday market ends with symmetric triangle formation and this clearly indicates that that the market will either jump below the 15650 or will rise for a possible all time high as of the coming weeks. Besides it also depends on the current covid situation and Dow Jones.